What is a SWIFT/BIC code?

Here's all you need to know about SWIFT/BIC codes

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Written by Grey Support
Updated over a week ago

What is a SWIFT code?

A SWIFT code, also called a SWIFT number, is a unique identification code used to identify banks, financial institutions, and non-financial institutions worldwide. It stands for the Bank/Financial Institution Identifier Code (BIC). Business Identifier Code (BIC) and SWIFT code are often used interchangeably.

A SWIFT/BIC code consists of 8–11 characters and follows a format that identifies your bank, country, location, and branch.

  • The first four letters represent the bank and usually look like an abbreviated version of the bank name.

  • The following two letters indicate the country where the bank is located.

  • The following two characters designate the location of the bank's main office.

  • The last three digits identify a specific branch. β€˜XXX’ is used for a bank's head office.

How do I find the SWIFT/BIC code for my bank?

You can find the SWIFT code for your bank by looking it up on your bank's website. For your Grey Virtual foreign accounts, you can get the SWIFT/BIC code on your account details dashboard once you have requested and obtained your account.


A SWIFT code is essential for financial institutions and businesses to transact securely and quickly. Knowing how to find and use the SWIFT code for your bank is necessary for anyone looking to make international payments or transfer money between accounts.

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