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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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Myanmar Information

About Myanmar

Myanmar is part of the continent of Asia. The Capital of Myanmar is: Nay Pyi Taw. Capital timezone is: Asia/Rangoon. Currency is: Kyat.
Language Codes of Myanmar : my
Languages speak in Myanmar : Burmese (official)
ISO Alpha-2 Code of Myanmar is : MM
ISO Alpha-3 Code of Myanmar is : MMR
ISO 3166-1 numeric (or numeric-3) Code of Myanmar is : 104
ISD Code of Myanmar is : +95
FIPS (Federal Information Processing System) Code is : BM
E.164 (The international telephone numbering plan) : 95
The top label domain of the Myanmar is : .mm
Internet host in Myanmar is : 1055
Internet users in Myanmar is : 110000
Mobile phones in Myanmar is : 5440000
Landline phone in Myanmar is : 556000
Area of Myanmar is : 678500 KM2
GEO Name ID Myanmar is : 1327865
GDP of Myanmar is : $59430000000

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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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