In order to transfer any type of money electronically, a SWIFT code is necessary. It’s made up of an 8 to 11 alphanumeric code, which is unique and used to identify each individual bank. This number is divided into three different sections, with the first delegating the bank branch. The next section represents the code of the country and the two letters after that is a location code. The last section is three characters, which point to the code of the branch. How can you find your bank’s unique identification code? There are a couple of ways to do this, but one of the easiest is by looking at the unique code printed on your cheque leaves. Banks hand these out to their account holders, so it’s a simple way to get the information you need to do any type of financial transfer.
A second way of identifying your SWIFT code is by going online to the website http://www.bankswiftcode.org. Once you’re logged on, you will see a list of Swift Codes for all of the different countries throughout the world. While you could click through these, you can instead use the search bar on the top of the site and type in your bank, district, city, or branch. Once the results load, you can select your specific institution so you can get the code you need to make a financial transfer. Although it may be tempting to write this number down, it’s best not to write down any sensitive information because of the chance of it being lost.
When it comes to finally completing the transaction, it’s important to use your bank’s unique ID number. In addition to this, you will have to have your personal information as well as the account number, account name, type of account, and name of the bank. This will help make sure the transfer goes through smoothly and that you don’t have to start it over again. Keep in mind that if you do not have any of that information or if something is incorrect, the transfer will be stopped because it will be deemed invalid. To make things even easier in the future, bookmark the website above on your browser so you never have to search for your SWIFT code again. You can reference back to this site any time you’re going to make another transfer and need to get your code quickly and without hassle.