what is swift code of bank

A SWIFT code, also known as a Bank Identifier Code (BIC), is an 8 to 11-character code that identifies banks globally. These codes are used to send money between banks to ensure that the money is directed to the right place. SWIFT codes facilitate money transfers between banks and are needed for international wires and SEPA payments. The code consists of 8-11 characters and follows a format that identifies your 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.