SWIFT code

A SWIFT code, or a Bank Identifier Code (BIC), is a unique identification code used in international banking transactions. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, which is the organization that manages the global messaging network for financial institutions. The SWIFT code is a standardized format of letters and numbers that identifies a particular bank or financial institution in a specific country. It helps ensure that international transfers and other financial messages are accurately and securely transmitted between banks.