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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Mexico Information

About Mexico

Mexico is part of the continent of North America. The Capital of Mexico is: Mexico City. Capital timezone is: America/Mexico_City. Currency is: Peso.
Language Codes of Mexico : es-MX
Languages speak in Mexico : Spanish only 92.7%, Spanish and indigenous languages 5.7%, indigenous only 0.8%, unspecified 0.8%
ISO Alpha-2 Code of Mexico is : MX
ISO Alpha-3 Code of Mexico is : MEX
ISO 3166-1 numeric (or numeric-3) Code of Mexico is : 484
ISD Code of Mexico is : +52
FIPS (Federal Information Processing System) Code is : MX
E.164 (The international telephone numbering plan) : 52
The top label domain of the Mexico is : .mx
Internet host in Mexico is : 16233000
Internet users in Mexico is : 31020000
Mobile phones in Mexico is : 100786000
Landline phone in Mexico is : 20220000
Area of Mexico is : 1972550 KM2
GEO Name ID Mexico is : 3996063
GDP of Mexico is : $1327000000000

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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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