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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Micronesia Information

About Micronesia

Micronesia is part of the continent of Oceania. The Capital of Micronesia is: Palikir. Capital timezone is: Pacific/Pohnpei. Currency is: Dollar.
Language Codes of Micronesia : en-FM,chk,pon,yap,kos,uli,woe,nkr,kpg
Languages speak in Micronesia : English (official and common language), Chuukese, Kosrean, Pohnpeian, Yapese, Ulithian, Woleaian, Nukuoro, Kapingamarangi
ISO Alpha-2 Code of Micronesia is : FM
ISO Alpha-3 Code of Micronesia is : FSM
ISO 3166-1 numeric (or numeric-3) Code of Micronesia is : 583
ISD Code of Micronesia is : +691
FIPS (Federal Information Processing System) Code is : FM
E.164 (The international telephone numbering plan) : 691
The top label domain of the Micronesia is : .fm
Internet host in Micronesia is : 4668
Internet users in Micronesia is : 17000
Mobile phones in Micronesia is : 27600
Landline phone in Micronesia is : 8400
Area of Micronesia is : 702 KM2
GEO Name ID Micronesia is : 2081918
GDP of Micronesia is : $339000000

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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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