What is SWIFT and how does it work?
It identifies the bank receiving a transfer, guaranteeing security
It identifies the bank receiving a transfer, guaranteeing security
SWIFT is primarily known for its bank codes which are used to send or receive international transfers if the bank is a member of SWIFT. Each bank has an ISO 9632 international code that identifies it in the system. The SWIFT code of a bank is made up of country code, bank code and a series of additional data, such as location or branch type.
All Andorran banks use the SWIFT system. It is identified as follows:
SWIFT codes of Andorran banks: |
|
ANDBANK | BACAADAD |
MORABANC | BINAADAD |
CREAND | CRDAADAD |