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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SWIFT / BIC Code Details of RAIFFEISENKASSE BOZEN - CASSA RURALE DI BOLZANO, (OBSTMARKT BRANCH) Branch
Country Name ITALY
Country Code IT
Bank Name RAIFFEISENKASSE BOZEN - CASSA RURALE DI BOLZANO
Branch Name (OBSTMARKT BRANCH)
City Name BOLZANO
SWIFT Code RZSBIT21B03

(Use for international fund transfers.)

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About Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano, (obstmarkt Branch) Branch

General Information :

The Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano , (obstmarkt Branch) Branch is Located in Bolzano City, Italy.
The Swift / BIC Code of Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano , (obstmarkt Branch) is : RZSBIT21B03

Breakdown of Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano, (obstmarkt Branch) Branch SWIFT Code

R

Z

S

B

I

T

2

1

B

0

3

Bank Code

Country ISO Code

Location Code

Branch Code

The first four digits (RZSB) represent the bank, here it's representing Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano.

Next two digits (IT) is country ISO code & here this code indicates Italy country.

Next two digits is (21) - is location code, it's use to identify the particular bank location.

    1. If the second character is "0" - then it is typically a test BIC as opposed to a BIC used on the live network.
    2. If the second character is "1" - then it denotes a passive participant in the SWIFT network
    3. If the second character is "2," it typically indicates a reverse billing BIC, in which the recipient pays for the message rather than the more common mode, in which the sender pays for the message.

Last three digits is (B03) - It's an unique identifier no for the particular bank branch & here it's representing Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano , (obstmarkt Branch) branch.

FAQ

The SWIFT / BIC Code of Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano, (obstmarkt Branch) Branch is : RZSBIT21B03

The Raiffeisenkasse Bozen - Cassa Rurale Di Bolzano , (obstmarkt Branch) is Located in Bolzano , Italy.

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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