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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Rwanda Information

About Rwanda

Rwanda is part of the continent of Africa. The Capital of Rwanda is: Kigali. Capital timezone is: Africa/Kigali. Currency is: Franc.
Language Codes of Rwanda : rw,en-RW,fr-RW,sw
Languages speak in Rwanda : Kinyarwanda only (official, universal Bantu vernacular) 93.2%, Kinyarwanda and other language(s) 6.2%, French (official) and other language(s) 0.1%, English (official) and other language(s) 0.1%, Swahili (or Kiswahili, used in commercial centers) 0.02%, other 0.03%, unspecified 0.3% (2002 est.)
ISO Alpha-2 Code of Rwanda is : RW
ISO Alpha-3 Code of Rwanda is : RWA
ISO 3166-1 numeric (or numeric-3) Code of Rwanda is : 646
ISD Code of Rwanda is : +250
FIPS (Federal Information Processing System) Code is : RW
E.164 (The international telephone numbering plan) : 250
The top label domain of the Rwanda is : .rw
Internet host in Rwanda is : 1447
Internet users in Rwanda is : 450000
Mobile phones in Rwanda is : 5690000
Landline phone in Rwanda is : 44400
Area of Rwanda is : 26338 KM2
GEO Name ID Rwanda is : 49518
GDP of Rwanda is : $7700000000

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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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