SWIFT

Definition : Society for Worldwide Interbank Financial Telecommunication
Category : Business » Banking
Country/Region : Worldwide Worldwide
Popularity :

What does SWIFT mean?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) code is a unique identification code for a bank for transferring money between banks, particularly for international wire transfers and also used for exchanging other messages between them. SWIFT Code is a standard format of Bank Identifier Codes (BIC). The SWIFT code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. First 4 characters of the code denotes the bank code, Next 2 characters = ISO 3166-1 alpha-2 country code, Next 2 characters = location code, Last 3 characters = branch code, which is optional.

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Frequently Asked Questions (FAQ)

What is the full form of SWIFT Code?

The full form of SWIFT is Society for Worldwide Interbank Financial Telecommunication

What is the full form of SWIFT in Business?

Society for Worldwide Interbank Financial Telecommunication

What are the full forms of SWIFT in Worldwide?

Society for Worldwide Interbank Financial Telecommunication | Spinning Wheel Integrated Force Transducer