What is SWIFT Code / BIC Code?
Swift Code(Bank Identifier Code) are part of ISO 9362 standards，or Swift-BIC / BIC code / Swift ID. A SWIFT code usually consists of 8 or 11 characters. These codes are used when transferring monty between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages between financial institutions and banks.
Swift Code usually consists of 4 parts. They are bank code(4-digit)、country code(2-digit)、location code(2-digit) and branch code(3-digit)。 Here is an example code for "Bank Of China Beijing Branch"， its Swift code "BKCHCNBJ110"， including "BKCH" (bank code)、 "CN" (country code)、"BJ" (location code)、"110" (branch code)。