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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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Australia is part of the continent of Oceania. The Capital of Australia is: Canberra. Capital timezone is: Australia/Sydney. Currency is: Dollar.
Language Codes of Australia : en-AU
Languages speak in Australia : English 76.8%, Mandarin 1.6%, Italian 1.4%, Arabic 1.3%, Greek 1.2%, Cantonese 1.2%, Vietnamese 1.1%, other 10.4%, unspecified 5% (2011 est.)
ISO Alpha-2 Code of Australia is : AU
ISO Alpha-3 Code of Australia is : AUS
ISO 3166-1 numeric (or numeric-3) Code of Australia is : 36
ISD Code of Australia is : +61
FIPS (Federal Information Processing System) Code is : AS
E.164 (The international telephone numbering plan) : 61
The top label domain of the Australia is : .au
Internet host in Australia is : 17081000
Internet users in Australia is : 15810000
Mobile phones in Australia is : 24400000
Landline phone in Australia is : 10470000
Area of Australia is : 7686850 KM2
GEO Name ID Australia is : 2077456
GDP of Australia is : $1488000000000

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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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