What is a swift code?

A SWIFT code (or BIC number) is a standard format of a 'Business Identifier Code'.  It is a unique identification code which is used when transferring money between banks internationally and can usually be found on your online or paper statement; if you are unsure please contact your bank.

The standard format is 8 or 11 characters, 4 letters: Institution Code or bank code, 2 letters Country Code, 2 letters or digits location code, 3 letters or digits (optional) branch code.

This information will be required when withdrawing funds via Telegraphic Transfer.

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