what is swift code for bank

A SWIFT code, also known as a Bank Identifier Code (BIC), is an 8 to 11-character code that identifies banks globally. It is used to identify banks and financial institutions worldwide and facilitates money transfers between banks, particularly for international wire transfers or SEPA payments. The code consists of 8-11 characters and follows a format that identifies the bank, country, location, and branch. The first four letters represent the bank and usually look like an abbreviated version of the bank name, while the next two letters indicate the country code. The remaining characters may be letters or numbers and are used to identify the specific branch of the bank. To make an international money transfer, you will need to provide the SWIFT/BIC code of the recipients bank.