In bankswiftbiccodes.com , you can find the bank wire transfer codes by clicking the respective country and bank name. We have thousands of bank records to serve public with latest information. We also urge you to check with the concerned bank for the correctness of SWIFT Code / bic codes.
SWIFT code / BIC Code is a Business Identifier code, approved by International Organization for Standardization body (ISO), which is a unique alpha numeric code used by financial and non financial institutions to carry out several business transactions. The SWIFT code stands for the Society for Worldwide Interbank Financial Telecommunication. When the SWIFT code is assigned to a non-financial organization or institution, the code may also be known as a Business Entity Identifier or shortly BEI. These codes are very much required or used when performing the money transaction between banks or financial institutions. These codes are plays important identification role during international wire transfers, communication of messages between the international banks or financial institutions. If you notice, these codes are often found in our bank / account statements.
Find SWIFT Code for the Countries Mexico, Netherlands, Malaysia, Eritrea, Morocco, Croatia, Palestinian Territories,
Tunisia, Vietnam, Burkina Faso, Hungary, Yemen, San Marino, Greenland, Finland, Jamaica, South Africa and Belgium.
For Internation money transfer online, we provide the SWIFT Codes ( BIC Codes) and Routing Number for many countries like
Botswana, Bolivia, Brunei, Spain, Cape Verde, Zimbabwe, Belize, Bosnia and Herzegovina, Timor Leste, Jordan, French Guiana,
Nicaragua, Algeria, Andorra, St Vincent And Grenadines and Bangladesh. Find Routing Number for International Money Transfer / Wire Transfer Samoa, Kenya, Cayman Islands, puerto rico, Montserrat,
Hong Kong, Vanuatu, Anguilla, Mali, El Salvador, Dominican Republic, Sierra Leone, Laos, Indonesia, Guyana, Belarus and Cuba.
SWIFT Code for Malawi, Suriname, Kiribati, Bhutan, Angola, Ecuador, Canada, Austria, czech republic, Georgia, Monaco, Zambia, Trinidad and Tobago, Equatorial Guinea, Moldova, Kuwait, Cook Islands, Dominica, Switzerland, Estonia, Tonga, Serbia, Cameroon, Guadeloupe, Syria, reunion, Chile, Philippines, Oman, cote divoire, Poland, Montenegro and Lebanon.
BIC ( Bank Identification Code ) Code available for Mozambique, Liberia, Luxembourg, Jersey, Niger, Ireland, Latvia, Lesotho, American Samoa, Portugal, Guam, Comoros, Uzbekistan, Palestine, Malta, South Sudan, Sint Maarten, Martinique, Grenada, Uruguay, Norway, Myanmar, Swaziland, Kosovo, Fiji, Romania, Uganda, cyprus, Saint Kitts And Nevis. Using Our SWIFT Code, You can do WIRE Transfer internationally for the countries Djibouti, Nigeria, Benin, Honduras, Venezuela, Costa Rica, Iceland, Turkmenistan, Libya, Iraq, Peru, Guinea Bissau, Paraguay, Congo Democratic Republic, Aruba, Mayotte, Nepal, Australia, Pakistan, Mongolia, Solomon Islands, Greece, Bonaire and Kyrgyzstan.
Online Money Transfer to other Countries sing SWIFT Code for Marshall Islands, Central African Republic, Italy, maldives, Gabon, Macau, Saudi Arabia, Vatican City, Mauritania, Iran, Senegal, Brazil, papua new guinea, Germany,
Sri Lanka, Saint Helena, New Zealand, Bahrain, Togo, Bulgaria, South Korea and Denmark. Send and Receive Payments
through Electronic mode for the countries Ukraine, Tuvalu and Virgin Islands US.
Receive Google Payments by Providing SWIFT Code / BIC codes for the countries like Macedonia, Barbados, Colombia, Lithuania, Guinea, Taiwan, Isle of Man, Ethiopia, Wallis And Futuna Islands, Saint Lucia, Rwanda, United States,
Bermuda, Gibraltar, United Arab Emirates, Sweden, curacao, Cambodia, Sudan and Gambia.
Antigua and Barbuda, Seychelles, Virgin Islands Uk, New Caledonia, Tajikistan, Slovenia, Panama, Madagascar, India, Turks And Caicos Islands, Saint Pierre And Miquelon, Burundi, Israel, Russia, Singapore, Qatar, Albania, China, Slovakia, Sao Tome And Principe, Guernsey, Thailand, Japan, United Kingdom, Kazakhstan, Haiti, Ghana, Liechtenstein, France, Egypt, Chad, Bahamas, Falkland Islands, Azerbaijan, Namibia, Argentina, Armenia, Guatemala, Macao, Faroe Islands, Tanzania, Congo, Turkey, French Polynesia, Somalia and Mauritius.
The Wire transfer facility is available for following countries and SWIFT Code / BIC codes are also available.
The process begins when the sender initiates a wire transfer request through their bank. This can be done in person at the bank, via an online banking platform, or through a mobile banking app. The sender must provide all necessary details, including the recipient’s SWIFT/BIC code, account number, and other relevant information.
The sending bank verifies the details provided by the sender. This verification includes ensuring the accuracy of the recipient’s SWIFT/BIC code, account number, and transaction amount. The sender must authorize the transfer, often through secure means such as a password, security token, or biometric verification.
The sending bank creates a SWIFT message (commonly using SWIFT MT103 or MT202 formats) that contains all the transaction details. This message is formatted according to SWIFT standards and includes the recipient's bank information, the amount to be transferred, and any additional instructions.
The SWIFT message is sent electronically from the sending bank’s SWIFT interface to the SWIFT network. The SWIFT network acts as a secure messaging platform that routes the message to the recipient's bank based on the SWIFT/BIC code.
If the sending and receiving banks do not have a direct relationship, the SWIFT message may be routed through one or more correspondent banks. These intermediary banks facilitate the transfer by processing the payment instructions and forwarding them to the recipient's bank.
The recipient's bank receives the SWIFT message and processes the transaction according to the instructions provided. This involves crediting the recipient’s account with the transferred amount and ensuring that all details are accurate.
Once the recipient’s bank has processed the transfer, it sends a confirmation message back through the SWIFT network to the sending bank. This confirmation includes details such as the transaction’s completion status and any reference numbers.
The sending bank informs the sender of the successful completion of the transfer. This notification may include a transaction reference number, confirmation of the amount transferred, and the recipient’s bank details.
The sending and receiving banks reconcile their records and settle the transaction. This involves updating their internal systems and ensuring that all financial records are accurate and complete.
Both banks perform final reviews and compliance checks to ensure that the transaction adheres to regulatory requirements, including anti-money laundering (AML) and counter-terrorist financing (CTF) measures.
The transaction is considered complete once all steps are verified and confirmed. Both the sending and receiving banks maintain records of the transaction for auditing and compliance purposes.
In summary, the SWIFT wire transfer process involves initiating the transfer, verifying and authorizing the transaction, creating and sending a SWIFT message, processing through correspondent banks if necessary, and finalizing with confirmation, settlement, and compliance checks. This systematic approach ensures that international transfers are secure, efficient, and accurately completed.
John Doe, residing in New York, USA, needs to transfer $5,000 to his business partner, Jane Smith, in London, UK. John will use his bank to initiate a SWIFT wire transfer to Jane’s bank.
John needs to gather the following details before initiating the transfer:
John logs into his online banking account and navigates to the international wire transfer section. He enters the details he has gathered:
John reviews the details and authorizes the transfer. This might involve entering a security code or confirming through a two-factor authentication process.
John’s bank creates a SWIFT message with the transaction details. The SWIFT message, formatted according to the SWIFT MT103 standard, includes all the relevant information required for the transfer.
The SWIFT message is transmitted through the SWIFT network from John’s bank to HSBC Bank in London. The SWIFT network securely routes the message to the recipient’s bank based on the SWIFT/BIC code.
HSBC Bank in London receives the SWIFT message and processes the transaction. They credit Jane Smith’s account with the amount of $5,000.
HSBC Bank sends a confirmation message back through the SWIFT network to John’s bank, indicating that the transfer has been completed and providing a transaction reference number.
John’s bank informs him of the successful completion of the transfer. John receives a notification with details of the transaction, including the reference number and confirmation of the amount sent.
Both banks reconcile their records to ensure the transaction has been processed correctly. John’s bank updates his account statement to reflect the $5,000 transfer, and HSBC Bank updates Jane’s account accordingly.
John Doe uses his bank to transfer $5,000 to Jane Smith in London via a SWIFT wire transfer. The transfer involves the creation and transmission of a SWIFT message containing transaction details, which is processed by both the sending and receiving banks, with final confirmation and record-keeping.