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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Palau Information

About Palau

Palau is part of the continent of Oceania. The Capital of Palau is: Melekeok. Capital timezone is: Pacific/Palau. Currency is: Dollar.
Language Codes of Palau : pau,sov,en-PW,tox,ja,fil,zh
Languages speak in Palau : Palauan (official on most islands) 66.6%, Carolinian 0.7%, other Micronesian 0.7%, English (official) 15.5%, Filipino 10.8%, Chinese 1.8%, other Asian 2.6%, other 1.3%
ISO Alpha-2 Code of Palau is : PW
ISO Alpha-3 Code of Palau is : PLW
ISO 3166-1 numeric (or numeric-3) Code of Palau is : 585
ISD Code of Palau is : +680
FIPS (Federal Information Processing System) Code is : PS
E.164 (The international telephone numbering plan) : 680
The top label domain of the Palau is : .pw
Internet host in Palau is : 4
Internet users in Palau is : N/A (Updated Soon)
Mobile phones in Palau is : 17150
Landline phone in Palau is : 7300
Area of Palau is : 458 KM2
GEO Name ID Palau is : 1559582
GDP of Palau is : $221000000

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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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