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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Portugal Information

About Portugal

Portugal is part of the continent of Europe. The Capital of Portugal is: Lisbon. Capital timezone is: Europe/Lisbon. Currency is: Euro.
Language Codes of Portugal : pt-PT,mwl
Languages speak in Portugal : Portuguese (official), Mirandese (official, but locally used)
ISO Alpha-2 Code of Portugal is : PT
ISO Alpha-3 Code of Portugal is : PRT
ISO 3166-1 numeric (or numeric-3) Code of Portugal is : 620
ISD Code of Portugal is : +351
FIPS (Federal Information Processing System) Code is : PO
E.164 (The international telephone numbering plan) : 351
The top label domain of the Portugal is : .pt
Internet host in Portugal is : 3748000
Internet users in Portugal is : 5168000
Mobile phones in Portugal is : 12312000
Landline phone in Portugal is : 4558000
Area of Portugal is : 92391 KM2
GEO Name ID Portugal is : 2264397
GDP of Portugal is : $219300000000

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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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