What is SWIFT code? Details Information of Swift code or BIC Latest Update 2022

Last modified: Aug 12, 2022

SWIFT codes are a combination of letters & are used to identify the branch code

A SWIFT code is a set of 8 or 11 digits that represents a bank branch. You'll need to use one when sending money internationally.

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It's a global network for processing payments between countries. BIC stands for Bank Identifier Code, which refers to the set of digits you can use to send international payments. In practice, many people use BIC and SWIFT interchangeably to describe the code for international payments.

For example, a specific Silicon Valley Bank (SVB) has the 8 character SWIFT code SVBKUS6S where “SVBK” is the bank code. “US” is the country code (United States), “6S” is the location code.

Did you know ??

SWIFT codes play an important role in bank transactions, especially overseas transactions. When you transfer money internationally through banks, you may be charged high fees and high FX rate markups. Usually these charges may not be upfront and you may not know the exact cost of sending money.

In globel business, SWIFT Codes are a common part of conducting transactions. For merchants and companies who transfer payments internationally, SWIFT codes identify banks so the money is withdrawn and deposited in the right place. It’s up to the company to locate their banking SWIFT codes to ensure quick and accurate payment. Understanding how SWIFT codes work is important for smooth transactions that result in fast and easy payments.

Why SWIFT is Popular ?

  1. Swift is easier to read.
  2. It is also easy to maintain because programmers need not put effort into bookkeeping..
  3. The Swift run-time crash will stop on the line of code where a nil optional variable has been used, preventing errors in codes. Thus, swift is a safe programming language.
  4. The huge memory leaks that a programmer can have in Objective-C are impossible in Swift. We can say — it unifies with efficient memory management.
  5. It has a concise code structure.
  6. Swift is an extremely fast programming language.
  7. With Swift, namespaces are based on the target that a code file belongs to. This means programmers can differentiate classes or values using the namespace identifier. 
  8. It supports dynamic libraries.
  9. With playgrounds, it encourages interactive codings.
  10. Swift provides the development community a direct way to influence a language to create intuitive apps.

 

What if SWIFT code is wrong?

When the SWIFT code is wrong or incorrect it can't be send at all, so the bank will reject the transaction already before it has left the bank. For that reason it should only take a moment!

Below are the SWIFT codes for all banks in United States - [2022]

ID Bank or Institution City Branch Swift Code
1 1ST PMF BANCORP LOS ANGELES, CA   PMFAUS66
2 1ST PMF BANCORP LOS ANGELES, CA   PMFAUS66HKG
3 280 SECURITIES LLC SAN FRANCISCO, CA   SULCUS62
4 3M COMPANY ST. PAUL, MN   MMMCUS44
5 ABACUS FEDERAL SAVINGS BANK NEW YORK, NY BOWERY AFSBUS33
6 ABANCA USA MIAMI, FL   CAGLUS3M
7 ABBOTT LABORATORIES ABBOTT PARK, IL   ABTTUS44
8 ABBVIE, INC. CHICAGO, IL   ABBVUS44
9 ABERCROMBIE AND FITCH CO. NEW ALBANY, OH   ANFCUS33
10 ABN AMRO CAPITAL USA LLC NEW YORK, NY   FTSBUS33
11 ABN AMRO CAPITAL USA LLC NEW YORK, NY (SEC FINANCING) FTSBUS33SFI
12 ACADEMY SECURITIES, INC. NEW YORK, NY   ACEEUS3A
 
13 ACUPAY SYSTEM LLC NEW YORK, NY   ACPYUS33
14 ADAMS COMMUNITY BANK ADAMS, MA   ADCYUS32
15 ADVANTAGE FEDERAL CREDIT UNION ROCHESTER, NY   AFCUUS33
16 AEGON USA INVESTMENT MANAGEMENT, LLC CEDAR RAPIDS, IA   AEGUUS44
17 AEGON USA INVESTMENT MANAGEMENT, LLC CEDAR RAPIDS, IA   AEGUUS42
18 AETNA LIFE INSURANCE COMPANY HARTFORD, CT   AETNUS33
19 AFFINITY PLUS FEDERAL CREDIT UNION SAINT PAUL, MN   APFDUS44
20 AGILENT TECHNOLOGIES, INC SANTA CLARA, CA   AGILUS6S
21 AGRICULTURAL BANK OF CHINA NEW YORK BRANCH NEW YORK, NY NEW YORK BRANCH ABOCUS33
22 AIB BANK NEW YORK, NY   AIBKUS33
23 AIB BANK NEW YORK, NY   AIBKUS3T
24 AIB BANK NEW YORK, NY (TREASURY DEPT) AIBKUS3TTMK
25 AIG FINANCIAL PRODUCTS CORP. WILTON, CT   AIGFUS33
 
26 AIG INTERNATIONAL INC. WILTON, CT   AIGIUS33
27 ALBEMARLE CORPORATION CHARLOTTE, NC   ALOTUS33
28 ALCOA CORPORATION PITTSBURGH, PA   ALUPUS33
29 ALERUS FINANCIAL, NATIONAL ASSOCIATION GRAND FORKS, ND CORPORATE CENTER ALERUS44
30 ALEXION PHARMACEUTICALS INC. BOSTON, MA   ALXNUS33
31 ALLEGIANCE BANK HOUSTON, TX   ALTXUS44
32 ALLEGIS GROUP, INC. HANOVER, MD   ALGRUS33
33 ALLIANCE BANK CENTRAL TEXAS WACO, TX   ALCXUS42
34 ALLIANZ INVESTMENT MANAGEMENT LLC MINNEAPOLIS, MN   AINLUS42
35 ALLIANZ INVESTMENT MANAGEMENT LLC MINNEAPOLIS, MN   AINLUS43
36 ALLY FINANCIAL INC CHARLOTTE, NC (ALLY FINANCIAL INC) ALYIUS33INC
37 ALLY FINANCIAL INC CHARLOTTE, NC (QUANTUM) ALYIUS33QTM
38 ALLY FINANCIAL INC CHARLOTTE, NC (SIERRA) ALYIUS33SER
 
39 ALLY FINANCIAL INC DETROIT, MI   ALYIUS33
40 ALLY FINANCIAL INC DETROIT, MI   ALYIUS3G
41 ALLY FINANCIAL INC DETROIT, MI   ALYIUS3C
42 ALOSTAR BANK OF COMMERCE BIRMINGHAM, AL FORSYTH ROAD ALOEUS44
43 ALPINE BANK GLENWOOD SPRINGS, CO   APPIUS55
44 ALTICOR INC ADA, MI   AMWYUS33
45 ALTRAVUE CAPITAL, LLC BELLEVUE, WA   ATCCUS62
46 AMAZON CORPORATE LLC. SEATTLE, WA   ACOLUS66
47 AMERANT BANK, N.A. MIAMI, FL   MNBMUS33
48 AMERICAN BANK N.A. CORPUS CHRISTI, TX   AMEAUS42
49 AMERICAN BUSINESS BANK LOS ANGELES, CA   ACBBUS6L
50 AMERICAN CAPITAL MANAGEMENT, INC. NEW YORK, NY  

AMPMUS32

51 AMERICAN COMMUNITY BANK AND TRUST WOODSTOCK   AMCSUS44
52 AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. NEW YORK   AETCUS3A
53 AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. NEW YORK   AETCUS3B
54 AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. (FX INTERNATIONAL PAYMENTS) NEW YORK   AETCUS33
55 AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. (TRAVELERS CHEQUE) SALT LAKE CITY   AETCUS55
56 AMERICAN FIRST NATIONAL BANK HOUSTON   AFNBUS4H
57 AMERICAN INTERNATIONAL GROUP JERSEY CITY   AIGXUS33
58 AMERICAN INTERNATIONAL GROUP GLOBAL INVESTMENT GROUP NEW YORK   AGIGUS33
59 AMERICAN INTERNATIONAL GROUP GLOBAL INVESTMENT GROUP NEW YORK   AGIGUS3W
60 AMERICAN INTERNATIONAL GROUP GLOBAL INVESTMENT GROUP WILTON (MARKETS INC) AGIGUS33MKT
61 AMERICAN NATIONAL RED CROSS WASHINGTON   ANRCUS33
62 AMERICAN SAVINGS BANK HONOLULU   ASAVUS77
63 AMERICAN TOWER CORPORATION BOSTON   AMTCUS33
64 AMERICAN VETERANS GROUP, PBC. MELVILLE   AMVGUS32
65 AMERICO LIFE, INC. KANSAS CITY   AMLFUS44
66 AMERIS BANK ATLANTA PEACHTREE CORNERS FITYUS33
67 AMERIS BANK MOULTRIE MOULTRIE MAIN AERIUS33
68 AMERISOURCEBERGEN CORPORATION CHESTERBROOK   AMORUS33
69 AMERITAS INVESTMENT PARTNERS, INC. LINCOLN   SIPLUS44
70 AMETEK, INC BERWYN   AMTKUS33
71 AMHERST PIERPONT SECURITIES LLC NEW YORK   PPSLUS33
72 AMSTED INDUSTRIES INCORPORATED CHICAGO   AMIOUS44
73 AMTRUST FINANCIAL SERVICES INC. NEW YORK   AMTFUS33
74 AMTRUST NORTH AMERICA, INC. NEW YORK   ANOAUS33
75 ANCHOR BANK PALM BEACH GARDENS   ANHRUS33
76 ANGEL OAK CAPITAL ADVISORS, LLC ATLANTA   AOAKUS33
77 ANTARES CAPITAL LP CHICAGO   ANCTUS44
78 APERIO GROUP, LLC SAUSALITO   APGLUS6S
79 APEX CLEARING CORPORATION DALLAS   PFSIUS4R
80 APG ASSET MANAGEMENT US INC. NEW YORK   APGMUS33
81 APOLLO BANK MIAMI BRICKELL MAIN UCBMUS3M
82 APOLLO GLOBAL MANAGEMENT, INC. NEW YORK   APGAUS33
83 APOLLO INSURANCE SOLUTIONS GROUP LLC EL SEGUNDO   AAGLUS62
84 APPLE BANK FOR SAVINGS NEW YORK 122 E 1/2ND APPAUS33
85 AQR CAPITAL MANAGEMENT, LLC GREENWICH   AQRMUS33
86 ARAB BANKING CORPORATION NEW YORK   ABCOUS33
87 ARAMARK SERVICES INC PHILADELPHIA   ARKSUS33
88 ARCHER-DANIELS-MIDLAND COMPANY DECATUR   ADMCUS44
89 ARCONIC INC. PITTSBURGH   ALUMUS33
90 ARCONIC ROLLED PRODUCTS CORPORATION PITTSBURGH   ARPOUS33
91 ARENA INVESTORS, LP NEW YORK   ARNOUS33
92 ARES MANAGEMENT LLC LOS ANGELES   ARNLUS66
93 ARGA INVESTMENT MANAGEMENT, LP STAMFORD   ARVMUS33
94 AROSA CAPITAL MANAGEMENT LP NEW YORK   ARPMUS32
95 ARROW ELECTRONICS, INC. CENTENNIAL   AREOUS55
96 ARVEST BANK TULSA FAYETTEVILLE-DOWNTOWN ARVTUS44
97 ASCENDANTFX CAPITAL USA, INC. PLEASANT HILL   ASCSUS33
98 ASIAN BANK PHILADELPHIA   AIAAUS3P
99 ASSOCIATED BANK, N.A. GREEN BAY GREEN BAY - DOWNTOWN ABGBUS44
100 ASSOCIATED FOREIGN EXCHANGE, INC WOODLAND HILLS   AFEIUS6L

SWIFT Codes for main United States Banks 2022

 

  1. Bank Of America
  2. Capital One
  3. Chase Bank (Jp Morgan Chase)
  4. Citibank
  5. Fifth Third Bank
  6. HSBC
  7. PNC Bank
  8. Truist Bank
  9. U.S. Bancorp
  10. Wells Fargo Bank

Is SWIFT code safe?

Yes, the SWIFT network is considered a safe & usually SWIFT code are safe.

What is a SWIFT code used for?

SWIFT stands for Society of Worldwide Interbank Financial Telecommunication. The SWIFT code is a Business Identification Code (BIC) assigned to banks by SWIFT as an easy cross-border payment solution. For any transaction this bank makes on an international level, the SWIFT code is used.

How do I find my bank's SWIFT code?

You can usually find your bank's SWIFT/BIC code in your bank account statements. You also can search in google as SWIFT/BIC finder to get the right code for your transfer.

Do you need SWIFT code to transfer money USA?

To make an international money transfer from the United States, you'll need a SWIFT/BIC code.

Is SWIFT code same for all branches?

Yes. Because every branch do not have the swift code. Mostly the head offices have the swift code.

What is the SWIFT code for bank of America?

The SWIFT/BIC code for BANK OF AMERICA, N.A. is BOFAUS3NXXX. However, Bank Of America uses different SWIFT/BIC codes for the different types of banking services it offers. If you’re not sure which code you should use, check with your recipient or with the bank directly.

How do I transfer money using SWIFT?

when a person transfers money individually, they will go to their bank with the recipient's banking SWIFT code and an international account number (more on that later). The local bank will then send a SWIFT message to the recipient's bank to accept the transfer.

Can I track SWIFT transfer?

SWIFT has announced that it is extending its gpi Tracker to cover all payment instructions sent across the network. This will enable gpi banks to track all their SWIFT payment instructions at all times, and give them full visibility over all their payment activity

How long do SWIFT transfers take?

Due to the involvement of (sometimes several) intermediary banks or financial institutions, SWIFT payments can take anywhere from 2 to 5 working days to be complete and reach their destination.

What does a SWIFT transfer cost?

The cost of a SWIFT transfer varies depending on the bank or money transfer company you use. There are generally two types of charges to be aware of: Fees Exchange Rates Each bank or money transfer company will charge a combination of fees and exchange rates for SWIFT transfers. While that can make comparisons tricky, it ultimately comes down to how much money you receive net of all charges.

What do SWIFT codes look like?

A SWIFT/BIC is an 8-11 character code that identifies your country, city, bank, and branch. Bank code A-Z 4 letters representing the bank. It usually looks like a shortened version of that bank's name. Country code A-Z 2 letters representing the country the bank is in.

How much money can I transfer via SWIFT?

Financial institutions and money transfer providers are obligated to report international transfers that exceed $10,000.

What information do you need for a SWIFT transfer?

To send money abroad using SWIFT, you need the following information: Name of the person receiving the money. Recipient’s address. Name and address of the bank receiving the money. SWIFT code of the bank (also known as a BIC). Recipient’s account number or IBAN. The SWIFT code just identifies the bank. The IBAN (International Bank Account Number) is longer and identifies a specific bank account.

How do a SWIFT transfer works?

A SWIFT transfer works in 4 simple steps - Step 1: Identification check, Step 2: Secure an exchange rate, Step 3: Send in your money, Step 4: Your money is converted and sent


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