{"id":9230,"date":"2023-12-13T06:57:05","date_gmt":"2023-12-13T11:57:05","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=9230"},"modified":"2024-03-22T08:20:10","modified_gmt":"2024-03-22T12:20:10","slug":"what-is-a-swift-code","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/society-for-worldwide-interbank-financial-telecommunication-swift\/what-is-a-swift-code\/","title":{"rendered":"SWIFT Code"},"content":{"rendered":"\n
A SWIFT code, also known as a SWIFT-BIC, BIC code, SWIFT ID, or SWIFT-ISO, is a standard format for Bank Identifier Codes (BIC) and it’s essential in the world of international finance and banking.<\/p>\n\n\n\n
Imagine you’re a college freshman just learning about global finance. In simple terms, the SWIFT code is like a postal code or unique address for banks. When money is sent across borders, it’s crucial to ensure it reaches the right place. This is where SWIFT codes come in. Each code is a unique identifier for a specific bank, helping to ensure that international money transfers go to the correct bank and branch.<\/p>\n\n\n\n
Here’s a breakdown of what the SWIFT code is and how it works:<\/p>\n\n\n\n
In summary, a SWIFT code isn’t a secret code or a code of conduct. It’s a practical tool used in international banking to make sure that when money crosses borders, it lands safely and accurately in the right bank account.<\/p>\n","protected":false},"excerpt":{"rendered":"
A SWIFT code, also known as a SWIFT-BIC, BIC code, SWIFT ID, or SWIFT-ISO, is a standard format for Bank Identifier Codes (BIC) and it’s essential in the world of international finance and banking. Imagine you’re a college freshman just learning about global finance. In simple terms, the SWIFT code is like a postal code […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":11772,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":"
A SWIFT code, also known as a SWIFT-BIC, BIC code, SWIFT ID, or SWIFT-ISO, is a standard format for Bank Identifier Codes (BIC) and it’s essential in the world of international finance and banking. Imagine you’re a college freshman just learning about global finance. In simple terms, the SWIFT code is like a postal code or unique address for banks. When money is sent across borders, it’s crucial to ensure it reaches the right place. This is where SWIFT codes come in. Each code is a unique identifier for a specific bank, helping to ensure that international money transfers go…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":"
A SWIFT code, also known as a SWIFT-BIC, BIC code, SWIFT ID, or SWIFT-ISO, is a standard format for Bank Identifier Codes (BIC) and it’s essential in the world of international finance and banking. Imagine you’re a college freshman just learning about global finance. In simple terms, the SWIFT code is like a postal code or unique address for banks. When money is sent across borders, it’s crucial to ensure it reaches the right place. This is where SWIFT codes come in. Each code is a unique identifier for a specific bank, helping to ensure that international money transfers go…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\n