SWIFT code

  

Definition

Society for Worldwide Interbank Financial Telecommunication code. An internationally-recognized identification code for banks around the world. SWIFT codes are most commonly used for international wire transfers and are comprised of 8 or 11 alphanumeric characters. The International Organization of Standardization (IOS) was the authoritative body that approved the creation of SWIFT codes.

Use SWIFT code in a sentence

  • The bank teller told me that she needed to verify the SWIFT CODE before she could transfer the money to my sister who was living in a different country.

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  • If you are trying to make a transfer from one bank to another make sure you know the swift code to make it easier.

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  • If you want to transfer money abroad be sure to get the banks swift code because you will need it.

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