Swiftcode/BIC Codes searchable database
Swiftcode searchable database
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ProductivityFintech
Description
SWIFT Codes, also known as BIC Codes, are unique identifiers for banks and financial institutions worldwide. They facilitate international wire transfers and ensure that funds are sent to the correct bank. Each SWIFT code consists of 8 to 11 characters, which include a bank code, country code, location code, and branch code.
How to use Swiftcode/BIC Codes searchable database ?
To use SWIFT codes, simply enter the recipient's SWIFT code when initiating an international wire transfer through your bank or financial institution. Ensure that you have the correct code to avoid delays or misdirected funds.
Core features of Swiftcode/BIC Codes searchable database :
1️⃣
Unique identification of banks
2️⃣
Facilitation of international wire transfers
3️⃣
Standardization of bank codes
4️⃣
Improved accuracy in fund transfers
5️⃣
Global recognition and usage
Why could be used Swiftcode/BIC Codes searchable database ?
| # | Use case | Status | |
|---|---|---|---|
| # 1 | Sending money internationally | ✅ | |
| # 2 | Receiving payments from abroad | ✅ | |
| # 3 | Identifying banks for financial transactions | ✅ | |
Who developed Swiftcode/BIC Codes searchable database ?
The SWIFT system was developed by the Society for Worldwide Interbank Financial Telecommunication, a cooperative organization founded in 1973 to provide a standardized communication platform for financial institutions globally.