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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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Malta Information

About Malta

Malta is part of the continent of Europe. The Capital of Malta is: Valletta. Capital timezone is: Europe/Malta. Currency is: Euro.
Language Codes of Malta : mt,en-MT
Languages speak in Malta : Maltese (official) 90.1%, English (official) 6%, multilingual 3%, other 0.9% (2005 est.)
ISO Alpha-2 Code of Malta is : MT
ISO Alpha-3 Code of Malta is : MLT
ISO 3166-1 numeric (or numeric-3) Code of Malta is : 470
ISD Code of Malta is : +356
FIPS (Federal Information Processing System) Code is : MT
E.164 (The international telephone numbering plan) : 356
The top label domain of the Malta is : .mt
Internet host in Malta is : 14754
Internet users in Malta is : 240600
Mobile phones in Malta is : 539500
Landline phone in Malta is : 229700
Area of Malta is : 316 KM2
GEO Name ID Malta is : 2562770
GDP of Malta is : $9541000000

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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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