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The SWIFT code

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What is a SWIFT code?

The SWIFT code or BIC code is the international identification number of a bank. It is mandatory to make a bank transfer abroad and works in the same way as a postcode. For all banks, the SWIFT code is made up of 8 to 11 letters and digits that provide information on the bank, country, location and branch.

Where can I find my SWIFT code?

By visiting your bank's website or by consulting your Bank Identification Statement (Relevé d'Identification Bancaire) (#RIB). For #Rawbank, the SWIFT code is composed of characters starting with "RAWBCD".

The difference between SWIFT & IBAN codes

The main difference between an International Bank Account Number (IBAN) and a Society for Interbank Financial Telecommunication (SWIFT) code is that they do not identify the same type of recipient. A SWIFT code is used to identify a specific bank in an international transaction, while the IBAN code is used to direct the transfer to an individual account.

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