These international systems move your money among countries.
Banks and other financial institutions keep track of your money using a system of unique codes assigned to each bank or account they do business with. Different countries use different systems, and the two most common are IBAN and SWIFT codes.
SWIFT codes vs. IBAN numbers
| Description | Where you can find it | Example | |
|---|---|---|---|
| SWIFT | A SWIFT number is an alphanumeric number containing information that identifies a bank and branch. It can be eight or 11 characters long, depending on which bank office it refers to. |
| NFBKUS33 |
| IBAN | An IBAN number is an alphanumeric number containing information that identifies a bank, country and account number. With lengths fixed by country, IBAN codes can be up to 34 characters. |
| GB 29 NWBK 601613 31926819 |
What is a SWIFT code?
Unlike IBAN, which identifies specific bank accounts, SWIFT refers to a specific bank only — including banks in the US. Some 40,000 banks and offices worldwide are part of the SWIFT network.
What does a SWIFT code look like?
A SWIFT number is an alphanumeric number containing information that identifies a bank and branch. It can be eight or 11 characters long, depending on which bank office it refers to.
An example of a SWIFT code is this one for a Capital One in New York City: NFBKUS33.
We can break down this SWIFT code to discover:
- A four-letter bank code.
- A two-letter country code.
- A two-letter location code.
- A two-digit branch code.
Where can I find my SWIFT code?
If you live in a country that participates in SWIFT, find your SWIFT number on your bank statement, by signing in to your online banking system or by calling your bank.
If you’re sending money internationally and need a SWIFT number, ask your recipient for the SWIFT number of the bank to which their account belongs.
Is my SWIFT code the same as my routing number?
No. For domestic payments, US banks use a domestic routing code to identify your specific bank and bank account. It’s made of a nine-digit ABA number that identifies your bank and branch and your unique account number.
This routing number is often found at the bottom of your personal checks or by signing in to your online banking system.
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What is an IBAN code?
What does an IBAN code look like?
An IBAN number is an alphanumeric number containing information that identifies a bank, country and account number. With lengths fixed by country, IBAN codes can be up to 34 characters.
An example of an IBAN code in at Great Britain’s National Westminster Bank is GB 29 NWBK 601613 31926819.
Breaking down our UK IBAN code, we find:
- A two-letter country code.
- A two-digit transaction number.
- A four-letter bank code.
- A six-digit bank sort code.
- A unique number specific to the bank account.
Where can I find my IBAN number?
If you live in a country that uses IBAN, you can find your IBAN number on your bank statement or by signing in to your online banking system.
If you’re sending money internationally and need an IBAN number, ask your recipient for the IBAN number of their deposit account.
Bottom line
The mysterious IBAN and SWIFT codes are anything but: They identify specific banks among the many financial transactions conducted worldwide among bank accounts. And they’re especially important when it comes to international money transfers.
Learn more about getting the best rates and fees to friends, family and businesses abroad in our guide to international money transfers.
How to do i identify the Bank key with the help of SWIFT code, account number and Bank name
Hi Feroz,
Thank you for reaching out to Finder.
Bank key is a country unique number and is called routing number. You may need to contact your bank directly to check further on this. Hope this helps!
Cheers,
Reggie
Are there any European banks which will use a SWIFT code and routing number instead of an IBAN to accept a direct deposit from the US?
Hi Nancy H,
Thank you for getting in touch with finder.
Please note that banks in the United States don’t use IBAN codes to identify specific banks or account numbers but SWIFT, while European banks use IBAN codes to identify specific banks or account numbers. In addition, SWIFT and IBAN codes identify specific banks among the many financial transactions conducted worldwide among bank accounts. And they’re especially important when it comes to international money transfers.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni
How do I get my Swift code six digit number without calling my bank? It’s Bank of Monroe.
Hi James,
Thanks for leaving a question on finder.
Unfortunately, I can not find the swift code for The Bank of Monroe. It is possible that The Bank of Monroe is not connected to the SWIFT network. Most of the credit unions and small banks in USA do not have the connectivity to swift network and thus does not have a Swift Code, IBAN or other international routing codes and you can’t directly receive international funds in your account with credit unions/ banks.
Please send me a message if you need anything else. :)
Cheers,
Joel
how can i trace my swift transfer???
Hi Harish,
Thanks for leaving a question on finder.
If your transfer isn’t delivered within the window you were promised, you can request a trace on your transaction using the bank’s SWIFT code. A SWIFT code is an ID that banks use when sending wire transfers. With this number, your bank can determine whether the deposit is on hold or in progress.
How can “on hold” be an option? One drawback of SWIFT transfers is that banks can hold on to your money until they’re able to get an exchange rate that better favors their bottom line. If your money needs to reach your recipient by a specific deadline, be sure to specify that exact date or time to avoid any bank delay.
Nevertheless, you can contact your bank to follow up if there is a delay to see what could be causing it.
Cheers,
Joel
Where do I locate my swift 6 digit code
Hi Lafaee,
Thanks for leaving a question on finder.
Since you didn’t mention what your bank is, you can call your bank and ask them for the SWIFT code. You can also go to the bank’s website and see if they have their SWIFT code listed. You may also check your bank statement to find your bank’s SWIFT code. Hope it helps!
Cheers,
Joel