Fab Swift Code or BIC Code

Swift codes are particular codes for the recognition of specific banks or branches. They are also known as BIC, the short form of Bank Identifier Code. These codes are used by customers and even banks while transferring money from one bank to another, especially for international money exchange purposes.

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All the bank branches don’t have a swift code. Mostly the bank head offices have swift codes only. You can find your swift code using Wise.

The swift code is always written at the front of your bank account number.

The first four letters represent the bank code, the next two letters country code, the next two letters or numbers for the location code, and the last three digits for the branch code.

It depends upon the country you are sending your money. As for the Eurozone, an IBAN or a swift code is a must while for the USA only use swift code and no IBAN. The same goes for New Zealand.  So the answer varies from country to country.

No, there are no charges for the Fab Swift Code as this common code is used to transfer funds from bank accounts.

You can find your fab Swift code easily on your bank statement as it is always at the front of your bank account number or online from the bank website too.