Overview#SWIFT code is a unique identification code for both Financial Organizations and non-financial institutions as defined in ISO 9362.
The previous edition is ISO 9362:2009 (dated 2009-10-01). The SWIFT code is 8 or 11 characters, made up of:
- 4 letters: Institution Code or bank code.
- 2 letters: ISO 3166-1 alpha-2 Country Code
- 2 letters or digits: location code
- if the second character is "0", then it is typically a test SWIFT code as opposed to a SWIFT code used on the live network.
- if the second character is "1", then it denotes a passive participant in the SWIFT network
- if the second character is "2", then it typically indicates a reverse billing SWIFT code, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
- 3 letters or digits: branch code, optional ('619' for primary office)