A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique code used to identify financial institutions, primarily banks, and other financial organizations worldwide. SWIFT stands for "Society for Worldwide Interbank Financial Telecommunication," and it is a global network that enables secure and standardized communication between financial institutions.
SWIFT codes are used in international financial transactions, such as wire transfers, to ensure that the funds are sent to the correct recipient's bank. Each financial institution that is part of the SWIFT network is assigned a unique SWIFT code, which consists of a series of letters and/or numbers. This code helps identify the specific bank or branch, making international financial transactions more efficient and accurate.
SWIFT CODES LIST
| Country | Number of Swift Codes | Number of Banks |
|---|---|---|
| CAMEROON | 8 | From 5 different Banks |
| UNITED STATES | 24 | From 20 different Banks |
| UNITED KINGDOM | 18 | From 14 different Banks |
| ALGERIA | 7 | From 5 different Banks |
| FRANCE | 17 | From 14 different Banks |
| TURKEY | 11 | From 2 different Banks |
| CHINA | 22 | From 1 different Banks |
| UNITED ARAB EMIRATES | 2 | From 2 different Banks |
| NIGERIA | 20 | From 15 different Banks |
| ALBANIA | 2 | From 2 different Banks |