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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Ecuador Information

About Ecuador

Ecuador is part of the continent of South America. The Capital of Ecuador is: Quito. Capital timezone is: America/Guayaquil. Currency is: Dollar.
Language Codes of Ecuador : es-EC
Languages speak in Ecuador : Spanish (Castillian) 93% (official), Quechua 4.1%, other indigenous 0.7%, foreign 2.2%
ISO Alpha-2 Code of Ecuador is : EC
ISO Alpha-3 Code of Ecuador is : ECU
ISO 3166-1 numeric (or numeric-3) Code of Ecuador is : 218
ISD Code of Ecuador is : +593
FIPS (Federal Information Processing System) Code is : EC
E.164 (The international telephone numbering plan) : 593
The top label domain of the Ecuador is : .ec
Internet host in Ecuador is : 170538
Internet users in Ecuador is : 3352000
Mobile phones in Ecuador is : 16457000
Landline phone in Ecuador is : 2310000
Area of Ecuador is : 283560 KM2
GEO Name ID Ecuador is : 3658394
GDP of Ecuador is : $91410000000

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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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