So, in order to make a transfer through the system, you need to know the special financial institution code and the name of the financial institution . Each financial institution connected to the system has a unique character sequence � BIC/SWIFT code, which consists of 8 or 11 characters....
If it is equal to "2", then it typically denotes a “reverse billing” BIC, meaning that the recipient of the message has to pay for the message. Section 4 (9th to 11th characters “DDD”): These final three characters form a “branch code” that refers to the particular br...
Meaning you get to skip the international fees. Get a great exchange rate. And be sure you’re counting all the costs upfront. That means fair,low cost money transfers, every time. HSBC USA exchange rates When you’re transferring money to a different country, an exchange rate is used to...