Many people want to know what is swift code of bank or what is swift code because they want to accept, receive or want to do international transaction of money with the help of bank account and in this process you need a swift code.
what is swift code
A swift code is a kind of code which is necessary if you want to do international transaction of money or want to do transaction between one currency to another currency with the help of bank account. In this case you need a swift code of bank.
- If you are sending money to someone else so you need to know what is swift code of the person to whom you are going to send money internationally or from one currency to another.
- If you are going to receive money from someone else so you need to give your bank swift code in which you have bank account.
What is full form of swift code – what is swift code
It also come in mind of many peoples that what is the full form of swift code or for what swift code stands for so here is the answer.
swift code stand for:- Society For Worldwide Interbank Financial Telecommunications
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How to find swift code – what is swift code
Every bank have their own swift code you can find swift code of your bank in which you have account by asking the officials for the swift code of the bank or you can find that code online there are many websites available on the internet through which you can get your bank swift code.
How does swift code work – what is swift code
here we are going to know how does swift code work so we all know that every branch of bank have their dedicated swift code if you want to receive money from another country having different currency from your country like you want to receive money in United States from Indian currency which is Indian Rupees (INR) so you have to give the swift code of the bank in which you have a bank account to the person living in India then he/she will be able to transfer money to you from India.
Working process of swift code – what is swift code
When a person transfer money to you with the help of bank account (Wire Transfer) so he will enter your bank name in which you have a bank account so as your bank receive money from another country so they will check swift code through which they will be able to transfer the money to your bank account.
Note*:- I highly recommend you to ask for swift code or about swift code to your bank in which you have account. They above information is collected from different sources and may be not 100% correct.
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