In the international wire transfer, Swift Code is essential and very important information, Swift is the English abbreviation of the Global Association of Banks and Financial Telecommunications, where the association’s member banks, have their own specific SWIFT code, that is, Swift Code, also known as BIC, Swift Code consists of 8 to 11 digits, can be divided into bank code, country code The Swift Code is composed of 8 to 11 digits and can be divided into bank codes, country codes, area codes and branch codes. In the wire transfer, the remitter will send a payment message in accordance with the Swift Code of the recipient bank, and the money can be remitted to the recipient bank. Each international bank has an international common “passport number” SWIFT code, as CBiBank, which is supervised by the U.S. central bank, has an independent SWIFT CODE: CBLBPRSJ.
2023-05-04