What is a sort code? The sort code, also known as the branch sort code, is essentially a bank and branch identification number. For example, for the Société Générale branch at Jean Macé, Lyon, the sort code is the same for all customers of this bank branch. A bank's sort code ...
Branch Code: A branch code is a unique identifying code for a given branch of a bank. Each branch of a bank is differentiated by its branch code. These branch codes are known by various different names across the globe. Answer and Explanation:1 ...
BIC and SWIFT codes are essential for international payments. Here is our simple guide with everything you need to know about them.
By visiting an HSBC Egypt branch By contacting your Premier Relationship Manager Or by calling us on 19007 What is an IBAN? IBAN stands for 'International Bank Account Number'. It's a bank account number that is recognised by banks and other financial institutions around the world. ...
Society of Worldwide Interbank Financial Telecommunication (SWIFT) is an 8-to-11-character code, also known as Bank Identifier Code (BIC). Each bank has a unique SWIFT code indicating its name, location and branch. The first 4 characters of the SWIFT Code are the bank code, the next 2 ...
The Bank Identifier Code is an international code that banks use for financial transactions. Each bank has its own BIC. This way, European and international payment orders automatically arrive at the correct bank and branch. The BIC is also called a SWIFT address or SWIFT code. The BIC can ...
What is a Swift code, what’s it used for and how can you find it? Our FAQ guide covers everything you need to know about SWIFT codes.
Your BIC (Bank Identifier Code) is a unique set of characters, being either 8 or 11 numbers and letters. This identifies the financial institutions involved in international financial transactions. BICs are created and managed by SWIFT (the Society for Worldwide Interbank Financial Telecommunications)...
The location code follows, consisting of two characters, either letters or numbers, that specify the bank’s main office. Finally, a three-character branch code is used to identify a specific branch, with ‘XXX’ commonly representing the main office. Here’s an example of a BIC code: ...
The SWIFT code can be broken down into 4 categories: Bank code (4 letters) + country code (2 letters) + location code (2 letters or numbers) + branch code (3 digits). Generally speaking, the branch code is unnecessary when conducting international transfers via the SWIFT network. SWIFT ...