Business glossary
SWIFT code
A bank identifier used in international financial messaging and transfers.
Example
For an international bank transfer, a payer may be asked for the receiving bank's SWIFT/BIC identifier as well as the recipient's account information. Obtain the details from the bank or verified recipient instructions.
How it differs from related terms
A SWIFT code identifies a financial institution in messaging; it is not the customer's invoice number or necessarily the recipient's account number. Required transfer fields depend on the banks and countries involved.
Frequently asked questions
What is an example of swift code?
For an international bank transfer, a payer may be asked for the receiving bank's SWIFT/BIC identifier as well as the recipient's account information. Obtain the details from the bank or verified recipient instructions.
How should swift code be interpreted?
A SWIFT code identifies a financial institution in messaging; it is not the customer's invoice number or necessarily the recipient's account number. Required transfer fields depend on the banks and countries involved.