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bank swift code

Discussion in 'Payment Processing' started by Jalpari, Jan 1, 2008.

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  1. #1
    What is bank swift code? And what r the uses of it?
    Is it necessary to have bank swift code for direct depositing money in bank account?
     
    Jalpari, Jan 1, 2008 IP
  2. Adwords-Master

    Adwords-Master Peon

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    #2
    R u using moneybooker.com if yes then pm me.
     
    Adwords-Master, Jan 1, 2008 IP
  3. Jalpari

    Jalpari Notable Member

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    #3
    no i am not using moneybookers actually my client is asking about my BIC
     
    Jalpari, Jan 1, 2008 IP
  4. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #4
    The SWIFT address is an 8 or 11 alphanumeric characters long international standard uniquely identifying your financial institution. The SWIFT address is also known as BIC (=Bank Identifier Code). Please contact your bank for SWIFT details.
     
    deluxdon, Jan 1, 2008 IP
  5. uttoransen

    uttoransen Prominent Member

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    #5
    just talk to your banks international business section [The section of the bank that deals with sending/receiving money outside the country] and then will give you your swift code!:)
     
    uttoransen, Jan 1, 2008 IP
    deluxdon likes this.
  6. Jalpari

    Jalpari Notable Member

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    #6
    thx i just want to receive money . Well without having BIC can't we receive money? My client is from UK
     
    Jalpari, Jan 1, 2008 IP
  7. siso010

    siso010 Banned

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    #7
    Call you bank and ask them for the SWIFT CODE
    Thats it.
     
    siso010, Jan 1, 2008 IP
  8. eddy2099

    eddy2099 Peon

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    #8
    For international wire transfer, you will definitely need the SWIFT Code or else the sending bank do not know where to send the money to as there are probably several thousands of banks in the world with probably millions of branches around. The SWIFT Code would address that issue.

    Of course, if your customer sends you a check then the SWIFT Code is not needed since you be the one depositing the check.
     
    eddy2099, Jan 1, 2008 IP
  9. Jalpari

    Jalpari Notable Member

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    #9
    thanks my problem has been resolved. I got my swift code from my bank
     
    Jalpari, Jan 2, 2008 IP
  10. angilina

    angilina Notable Member

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    #10
    SWIFT code is a unique number given by SWIFT to all banks which are in SWIFT network.

    banks in SWIFT network use this code in transferring money to bank accounts.

    you can find more info at their website, swift.com

    you can also find swift code for your bank in their website
     
    angilina, Jan 4, 2008 IP
  11. olddocks

    olddocks Notable Member

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    #11
    if both payer and payee are from EU country, then just use IBAN else you want to quote SWIFT/BIC code in the payment form. see www.swift.com/biconline
     
    olddocks, Jul 25, 2008 IP
  12. brettk

    brettk Member

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    #12
    What more can I say, very well said..
    I always get into the same issue when I am dealing with EU transactions.
    This is one of their ways in verifying identities.

    Good luck on your deals :)
     
    brettk, Jul 25, 2008 IP
  13. cool_man

    cool_man Peon

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    #13
    yes , Its necessary :)
     
    cool_man, Jul 26, 2008 IP
  14. Muzammal Akram

    Muzammal Akram Banned

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    #14
    As For as I know, it is used in online money transfer by banks. Moneybookers requires Swift Code while you are transferring payment from MB to bank
     
    Muzammal Akram, Aug 13, 2008 IP
  15. Jalpari

    Jalpari Notable Member

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    #15
    after 8 months u r giving answer. i got my ans before 8 months.
     
    Jalpari, Aug 14, 2008 IP
  16. kunzlo

    kunzlo Peon

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    #16
    I find a glossary and a bank and bank code search engine on Bankers Telenet !
     
    kunzlo, Jul 27, 2009 IP
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