Get a unique SWIFT code for your company
The SWIFT Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular institution. These codes are used when transferring money between institutions, particularly for international wire transfers. They can also be used for exchanging other messages between institutions.
Types of SWIFT Codes
1) ISO 20022 Messaging
ISO 20022 messaging has gained significant traction with pan-regional payments systems and market infrastructures, offering in-built message validation and non-repudiation, and support for all ISO currencies and non-Latin characters.
2) Real-Time Payments Clearing
Clearing infrastructure components for real-time payments, where clearing is distributed, between debtor and creditor banks. Scope includes a 24/7 network, switch components and access to applications such as a proxy addressing database, which allows payments based on personal identifiers such as mobile phone numbers or email addresses. The core FIN messaging service connects members securely to over 9000 institutions in 200 countries.
Estimated application timeline
12 weeks
