Examples
Deutsche Bank is an international bank, with its head office in Frankfurt, Germany. The SWIFT code for its primary office is DEUTDEFF:
- DEUT identifies Deutsche Bank
- DE is the country code for Germany
- FF is the code for Frankfurt
Deutsche Bank uses an extended code of 11 digits and has assigned branches or processing areas individual extended codes. This allows the payment to be directed to a specific office. For example, DEUTDEFF500 would direct the payment to an office of Deutsche Bank in Bad Homburg.
Nedbank is a primarily South African bank, with its head office in Johannesburg. The SWIFT code for its primary office is NEDSZAJJ:
- NEDS identifies Nedbank
- ZA is the country code for South Africa
- JJ is the code for Johannesburg
Nedbank has not implemented the extended code of 11 digits and all SWIFT transfers to its accounts are directed to the primary office for processing. Those transfer interfaces that require an 11 digit code would enter NEDSZAJJXXX.
Danske Bank is a primarily Danish bank, with its head office in Copenhagen. The SWIFT code for its primary office is DABADKKK:
- DABA identifies Danske Bank
- DK is the country code for Denmark
- KK is the code for Copenhagen.
Unicredit Banca is a primarily Italian bank with its head office in Rome. The SWIFT code for the branch in Venice is e.g., UNCRIT2B912
- UNCR identifies Unicredit Banca
- IT is the country code for Italy
- 2B912 is the code for Venice.
Dah Sing Bank is a bank based in Hong Kong that has five branches in mainland China (primary mainland China branch in Shenzhen). The SWIFT code for the branch in Shanghai is DSBACNBXSHA.
- DSBA identifies Dah Sing Bank
- CN is the country code for China
- BXSHA is the code for Shanghai.
It uses the 11-digit extended code, and SHA identifies the Shanghai branch.
Note that one bank can seem to have more than one bank identifier in a given country for separation purposes. Bank of East Asia separates its representative branch in the US and its US-based operations for local customers into BEASUS33xxx (following the code used in its home country) and BEAKUS33xxx respectively. This differs from its local mainland China operations which are also BEASCNxxxxx following Hong Kong rather than having a separate identifier code.
SEPA payments require both BIC and IBAN. Both must be correct or payment will be rejected.
Read more about this topic: ISO 9362
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