ISO 9362: Difference between revisions
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OK, thanks for pointing to the page. If you read it until the end, you discover that is is not commercial, but GNU FDL. So there's nothing against including it here |
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'''ISO 9362''' (also known as '''BIC code''' or '''SWIFT code''') is a standard format of '''Bank Identifier Codes''' approved by the [[International Organization for Standardization]]. It is the unique identification code of a particular bank. |
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It can be found on account statements. |
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It is necessary for sending money across countries. |
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It may be found on currency. |
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These codes are used when transferring money between banks, particularly international transfers. |
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The overlapping issue between ISO 9362 and ISO 13616 is discussed in the article [[International Bank Account Number]]. |
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The code is 8 or 11 characters, made up of: |
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* 4 characters - bank code |
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* 2 characters - [[ISO 3166-1 alpha-2]] country code |
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* 2 characters - location code |
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* 3 characters - branch code, optional ( 'XXX' for primary office) |
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Where an 8-digit code is given, you may assume that it refers to the primary office. |
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The [[Society for Worldwide Interbank Financial Telecommunication]] (SWIFT) handles the registration of these codes. For this reason, Bank Identifier Codes (BICs) are often called SWIFT addresses or codes. |
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There are over 7,500 "live" codes (for partners actively connected to the BIC network) and an estimated 10,000 additional BIC codes which can be used for [[manual transaction]]s. |
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==Examples== |
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As an example, [[Deutsche Bank]] is an international bank; its head office is based in Frankfurt, Germany. Its SWIFT code for its primary office is DEUTDEFF: |
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* DEUT identifies Deutsche Bank |
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* DE is the country code for Germany |
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* FF is the code for Frankfurt |
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Using an extended code of 11 digits (if the receiving bank has assigned branches or processing areas individual extended codes) allows the payment to be directed to a specific office. For example, DEUTDEFF500 would direct the payment to an office of Deutsche Bank in Bad Homburg. |
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==See also== |
==See also== |
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* [[Bank Identification Number]] (BIN) |
* [[Bank Identification Number]] (BIN) |
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Revision as of 21:13, 2 October 2007
ISO 9362 (also known as BIC code or SWIFT code) is a standard format of Bank Identifier Codes approved by the International Organization for Standardization. It is the unique identification code of a particular bank.
It can be found on account statements. It is necessary for sending money across countries. It may be found on currency. These codes are used when transferring money between banks, particularly international transfers.
The overlapping issue between ISO 9362 and ISO 13616 is discussed in the article International Bank Account Number.
The code is 8 or 11 characters, made up of:
- 4 characters - bank code
- 2 characters - ISO 3166-1 alpha-2 country code
- 2 characters - location code
- 3 characters - branch code, optional ( 'XXX' for primary office)
Where an 8-digit code is given, you may assume that it refers to the primary office.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) handles the registration of these codes. For this reason, Bank Identifier Codes (BICs) are often called SWIFT addresses or codes.
There are over 7,500 "live" codes (for partners actively connected to the BIC network) and an estimated 10,000 additional BIC codes which can be used for manual transactions.
Examples
As an example, Deutsche Bank is an international bank; its head office is based in Frankfurt, Germany. Its SWIFT code for its primary office is DEUTDEFF:
- DEUT identifies Deutsche Bank
- DE is the country code for Germany
- FF is the code for Frankfurt
Using an extended code of 11 digits (if the receiving bank has assigned branches or processing areas individual extended codes) allows the payment to be directed to a specific office. For example, DEUTDEFF500 would direct the payment to an office of Deutsche Bank in Bad Homburg.
See also
External links
- Bank Identifier Code SWIFT.com home page
- Official SWIFT search tool for bank names and Bank Identifier Codes
- Bank Identifer Codes and IBANs An IBAN calculator and validator that shows Bank Identifier Codes and Bankleitzahlen for British, German, Austrian, Estonian, Dutch, Hungarian, Swiss, Greek, and Belgian bank accounts