SWIFTkooditBIC
SWIFTkooditBIC refers to the Business Identifier Codes used within the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network. These codes are a standardized way to identify banks and financial institutions globally. A BIC, also known as a SWIFT code, is an eight or eleven-character alphanumeric code. The first four characters represent the institution's name, the next two represent the country code, and the following two represent the location. If an eleven-character code is used, the last three characters represent a specific branch or department of the institution.
These codes are crucial for international money transfers and other financial transactions. When a payment is