What is an SWIFT/BIC Code?

SWIFT codes means Society of Worldwide Interbank Financial Telecommunication Code. The Swift/BIC code is used to identify a particular branch of a bank or financial institution & it'll help you to transfer money internationaly and executor for cross-border payments.

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Albania Information

About Albania

Albania is part of the continent of Europe. The Capital of Albania is: Tirana. Capital timezone is: Europe/Tirane. Currency is: Lek.
Language Codes of Albania : sq,el
Languages speak in Albania : Albanian 98.8% (official - derived from Tosk dialect), Greek 0.5%, other 0.6% (including Macedonian, Roma, Vlach, Turkish, Italian, and Serbo-Croatian), unspecified 0.1% (2011 est.)
ISO Alpha-2 Code of Albania is : AL
ISO Alpha-3 Code of Albania is : ALB
ISO 3166-1 numeric (or numeric-3) Code of Albania is : 8
ISD Code of Albania is : +355
FIPS (Federal Information Processing System) Code is : AL
E.164 (The international telephone numbering plan) : 355
The top label domain of the Albania is : .al
Internet host in Albania is : 15528
Internet users in Albania is : 1300000
Mobile phones in Albania is : 3500000
Landline phone in Albania is : 312000
Area of Albania is : 28748 KM2
GEO Name ID Albania is : 783754
GDP of Albania is : $12800000000

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SWIFT / BIC Code


What is SWIFT/BIC Code?

SWIFT codes are abbreviations for the Society of Worldwide Interbank Financial Telecommunication Code. A SWIFT code is a code that is used to identify the country, bank, and branch of an account. A SWIFT code is also known as a BIC (Bank Identifier Code), but they are the same thing.


Formation of SWIFT Code

The Swift Code is either eight or eleven digits long and a combination of letters and numbers.

  • The first four characters of the swift code are the bank code.
  • The next two digits are the country code.
  • The next two digits are the location code, and
  • The last three digits are optional and aid in identifying the specific bank branch.

Applications of SWIFT Code/BIC Code

The following are some examples of SWIFT or BIC code applications:

  • The Swift/BIC code is used to identify a specific branch of a bank or financial institution.
  • It aids in international money transfers and acts as an executor for cross-border payments.

Example: Breakdown of SWIFT/BIC Code

A

B

C

D

1

2

3

4

5

6

7

Bank Code

Country ISO Code

Location Code

Branch Code
(Optional)

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