Monday 12 August 2013

How to find a Swift Code

There are a couple of quick and easy options when searching for a bank SWIFT code.

Why do I need a Swift code?
Essentially this information is required when making an international payment. A Swift code is an international Bank identifier code which is either 8 or 11 characters long.

How to find a swift code?

  • If you are making a payment into another persons bank account ask the person or supplier for details of their bank SWIFT BIC code.
  • If you are transferring money to your own overseas account you will be able to find the Swift Code on an account statement. If you are unsure you can contact your bank either via telephone or in branch and they will be able to supply the correct bank identifier code.
Alternatively you can use our search tool which can be viewed here http://www.whichswift.com/search/ 

Don't confuse a Swift code with a routing code!

In the US routing numbers are used to identify financial institutions including banks within the domestic market, they are made up of 9 digits. They do look similar to a Swift code but should not be used when making an international payment.

A Swift code can be 8 or 11 digits long. The first 4 characters identify the bank, the next 2 are the country code, followed by 2 digits which show the location. If the Swift code is 11 digits long the final 3 digits show which branch your funds should be directed to.   

Swift BIC Example:
BARC GB 21 02G

This is a swift code for Barclays Bank in the United Kingdom, Bath Branch. 

BARC = The bank - Barclays
GB = Country - Great Britain
21 = Location
02G = Branch - Bath



For more information please visit our FAQ section.

No comments:

Post a Comment