20120124

Swift Code vs IBAN

Since there were many queries about the difference between swift / bic and IBAN code. Here we are trying to explain the same. Hope this helps.

• SWIFT code is for identification of a bank or business while IBAN is International Bank Account Number.

• IBAN is used by customers to send money abroad while SWIFT is used by banks to exchange financial and non financial transactions.
At the same time, you need to fill this information yourself, while banks require it.
• IBAN allows for easier and faster money transfers worldwide.
 

Posted by Writomania at 1:23 AM

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How to Find a Swift Code

Decoding Swift Code - Know how about Bank Swift Codes.

The best place to find your swift code is the swift website - swift.com. Once you go there you can use the search box to find the swift code for your specific Bank Branch if you have little idea about what the swift code for the bank in that particular country is. If you do not have any clue our swift code blog is here.
If you do, just enter the bank code and suffixed country code, say IN for India and US for United States there in box and press Return. You will find the list of Branches that are linked to Swift international and have been assigned any swift code or BIC number to that branch of the bank. Sometimes it also shows the swift codes for the bank which are not active any more they are not shown in the same color as others.
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