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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Bolivia Information

About Bolivia

Bolivia is part of the continent of South America. The Capital of Bolivia is: Sucre. Capital timezone is: America/La_Paz. Currency is: Boliviano.
Language Codes of Bolivia : es-BO,qu,ay
Languages speak in Bolivia : Spanish (official) 60.7%, Quechua (official) 21.2%, Aymara (official) 14.6%, Guarani (official), foreign languages 2.4%, other 1.2%
ISO Alpha-2 Code of Bolivia is : BO
ISO Alpha-3 Code of Bolivia is : BOL
ISO 3166-1 numeric (or numeric-3) Code of Bolivia is : 68
ISD Code of Bolivia is : +591
FIPS (Federal Information Processing System) Code is : BL
E.164 (The international telephone numbering plan) : 591
The top label domain of the Bolivia is : .bo
Internet host in Bolivia is : 180988
Internet users in Bolivia is : 1103000
Mobile phones in Bolivia is : 9494000
Landline phone in Bolivia is : 880600
Area of Bolivia is : 1098580 KM2
GEO Name ID Bolivia is : 3923057
GDP of Bolivia is : $30790000000

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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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