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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Malawi Information

About Malawi

Malawi is part of the continent of Africa. The Capital of Malawi is: Lilongwe. Capital timezone is: Africa/Blantyre. Currency is: Kwacha.
Language Codes of Malawi : ny,yao,tum,swk
Languages speak in Malawi : English (official), Chichewa (common), Chinyanja, Chiyao, Chitumbuka, Chilomwe, Chinkhonde, Chingoni, Chisena, Chitonga, Chinyakyusa, Chilambya
ISO Alpha-2 Code of Malawi is : MW
ISO Alpha-3 Code of Malawi is : MWI
ISO 3166-1 numeric (or numeric-3) Code of Malawi is : 454
ISD Code of Malawi is : +265
FIPS (Federal Information Processing System) Code is : MI
E.164 (The international telephone numbering plan) : 265
The top label domain of the Malawi is : .mw
Internet host in Malawi is : 1099
Internet users in Malawi is : 716400
Mobile phones in Malawi is : 4420000
Landline phone in Malawi is : 227300
Area of Malawi is : 118480 KM2
GEO Name ID Malawi is : 927384
GDP of Malawi is : $3683000000

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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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