few ways to get your swift code

Few Ways to Get Your SWIFT Code

SWIFT code is a standard code of 8-11 characters used by banks to transfer money overseas. While sending payment overseas this code helps you to identify the receiving (beneficiary) bank or financial institution.

Below are a few tips on how to get a SWIFT code without troubling yourself much:

• Always use an active SWIFT/BIC code. For example, Germany’s SWIFT/BIC code is AARBDE5W.

• The beneficiary’s bank will provide you the appropriate SWIFT/BIC code. This will enable the international money transfer to reach the overseas account.

• You may also look for SWIFT/Bank Identifier Codes on the SWIFT website.

• However the best way to get your bank’s SWIFT code is to contact your bank.

• Ask for the SWIFT code and bank account number where you will receive your incoming wire transfer.

• But if you are supposed to receive your local currency, you need not trouble yourself about incoming wire transfer.

• The SWIFT organization also offers a look up service.• It is always recommended to contact your bank directly to

ensure proper routing of your funds.

SWIFT code is a standard format of Bank Identifier Codes and it is unique identification code for a particular bank. Now you can find the list of Bank Swift/BIC Code at www.bankswiftcode.org.