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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Algeria Information

About Algeria

Algeria is part of the continent of Africa. The Capital of Algeria is: Algiers. Capital timezone is: Africa/Algiers. Currency is: Dinar.
Language Codes of Algeria : ar-DZ
Languages speak in Algeria : Arabic (official), French (lingua franca), Berber dialects: Kabylie Berber (Tamazight), Chaouia Berber (Tachawit), Mzab Berber, Tuareg Berber (Tamahaq)
ISO Alpha-2 Code of Algeria is : DZ
ISO Alpha-3 Code of Algeria is : DZA
ISO 3166-1 numeric (or numeric-3) Code of Algeria is : 12
ISD Code of Algeria is : +213
FIPS (Federal Information Processing System) Code is : AG
E.164 (The international telephone numbering plan) : 213
The top label domain of the Algeria is : .dz
Internet host in Algeria is : 676
Internet users in Algeria is : 4700000
Mobile phones in Algeria is : 37692000
Landline phone in Algeria is : 3200000
Area of Algeria is : 2381740 KM2
GEO Name ID Algeria is : 2589581
GDP of Algeria is : $215700000000

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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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