What is a Swift/BIC code?

US dollars, Pounds Sterling & Euro

A SWIFT code is a code that identifies a bank branch for international funds transfers. It is also referred to as BIC (Bank Identifier Code).

What is a Swift/BIC code?

A SWIFT code is a code that identifies a bank branch for international funds transfers. It is also referred to as BIC (Bank Identifier Code).

What does a SWIFT/BIC code look like?

A SWIFT/BIC code has 8 or 11 characters arranged in the order AAAABBCCDDD:

  • The first 4 characters are letters that identify the bank
  • The next 2 characters are letters that indicate the country the bank is in
  • The next 2 characters can be letters or numbers and identify the bank’s head office
  • The last 3 characters are optional and indicate a specific branch

Where can I find a SWIFT/BIC code?

If you are sending funds, ask the recipient to provide account details from their bank, including the required SWIFT/BIC code or IBAN. If you are receiving funds:

  1. Login to the Xapo Bank app
  2. Select the Wallet tab
  3. Select your US Dollars account
  4. Click on Receive, then select the country you want to receive funds from

The account details that are unique to you will be displayed on the screen, including appropriate codes.

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