Swift Code Questions and Answers

Dear Friends,

This post is written in view of the queries that are being posted from time to time w.r.t swift codes for various banks and we have to repeat the same answers. Please make sure to note the things being mentioned here and let me know if you need any clarifications on the same.

1. I need Swift Code for my bank for which IBAN is XXX

Ans: Please note that there is no relationship between your bank swift code and IBAN.

 2. I can not find the swift code for my bank and they are not able to help even.

Ans: Please note if your bank is a local bank and does not deal with the international transactions itself, it might be using a larger international bank as intermediary. So it won't have its own swift code but would be using the intermediary bank's account details for the same. So only your bank can help with it.

3. Can you please provide the swift code for XYZ or ABC Federal Credit Union in US.

Ans: Please note that the Federal Credit Unions in US are of local bank nature and does not have their own swift code to process the international wire transfers, instead they use third party / intermediary banks for the purpose.

4. I have been given a swift code of 8 digits instead of 11 digits. What should I do ?

Ans: It is important to note that swift codes are either 8 digit or 11 digit alpha numeric characters. But based on the swift code you can either use 8 digit number or 11 digit number. If a bank has a common swift code say: HDFCINBBXXX that means you need not use XXX and hence you can just use HDFCINBB. But using HDFCINBBXXX in full won't affect your transaction even.

I hope to keep updating this post. Thanks

A Detailed overview of how swift fund transfer works:
Swift Fund Transfer Process

1 comment:

  1. HI SIR,I AM BUTTERFIELD BANK ACCOUNT USER IN BERMUDA BUT I HAVE AN ACCOUNT OF STSTE BANK OF INDIA IN INDIA,I WANT TO SEND SOME MONEY TO INDIA WHAT I CAN NOT SEND BECOSE I AM NOT GET CONNECTED WITH BRANCH .I WENT TO BUTTERFIELD BANK FOR HELP THEY GAVE ME YOUR ADDRESS FOR HELP BECAUSE IN BERMUDA NO ANY BRANCH OF SBI.MY BANK ADDRESS IN INDIA....(NO.1).....SBI,IFSC CODE -SBIN0001544,MICR CODE-151002103 BRANCH CODE-001544,RAMPURA PHUL_ 151103,DIST BATHINDA,STSTE PUNJAB,INDIA,AND BANK NO (2)..SBI,IFSC CODE- SBIN0007522,MICR CODE-151002121,BRANCH CODE-007522,CITY DHAPALI_ 151104,DIST BATHINDA,STATE PUNJAB,INDIA,PLZ LET ME KNOW ABOUT OTHER DETAIL LIKE SWIFT CODE OR ANY OTHER HALP FOR MY TRANSACTIONS.THANKS ITS URGENT PLZ.................MY EMAIL ID IS....virpal_kaur46@yahoo.com

    ReplyDelete

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United States Bank & Swift Code List

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Swift Code Search - Finding Bank 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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