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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Russia is part of the continent of Europe. The Capital of Russia is: Moscow. Capital timezone is: Europe/Moscow. Currency is: Ruble.
Language Codes of Russia : ru,tt,xal,cau,ady,kv,ce,tyv,cv,udm,tut,mns,bua,myv,mdf,chm,ba,inh,tut,kbd,krc,ava,sah,nog
Languages speak in Russia : Russian (official) 96.3%, Dolgang 5.3%, German 1.5%, Chechen 1%, Tatar 3%, other 10.3%
ISO Alpha-2 Code of Russia is : RU
ISO Alpha-3 Code of Russia is : RUS
ISO 3166-1 numeric (or numeric-3) Code of Russia is : 643
ISD Code of Russia is : +7
FIPS (Federal Information Processing System) Code is : RS
E.164 (The international telephone numbering plan) : 7
The top label domain of the Russia is : .ru
Internet host in Russia is : 14865000
Internet users in Russia is : 40853000
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Landline phone in Russia is : 42900000
Area of Russia is : 17100000 KM2
GEO Name ID Russia is : 2017370
GDP of Russia is : $2113000000000

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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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