What is a swift number?

Answer by  patti (29325)

A swift number is also called an iso 9362, swift-bic, bic code, swift id or swift code. It is a standard format of Bank Identifier Codes (BIC) approved by the International Organization for Standardization (ISO). It is the unique identification code of a particular bank. Every bank has one.

Answer by  athimbrel (206)

A swift code is a form of identification that is used by specific organizations. Such codes are used in order to transfer money, as well as other vital information, from one business to another. It is mainly used for international transactions, particularly those that are financial. Hence, it is largely used by banks.

Answer by  dlraska (460)

It is a standard format of a Bank Identifier code approved by the international organization for standardization. It is the unique code of a particular bank. It helps to identify bank accounts, across the national borders of risk of propagating transcription errors. they use it all over the world like places like Turkey and Armenia.

Answer by  MrsWahlberg (90)

Swift is the communication network that is used by many banks, brokers, and financial institutions and corporations to exchange messages.