What is a SWIFT code for a bank? [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
If you've ever sent an international wire, you might be familiar with SWIFT codes. But if you've never sent money to someone in another country, it's possible you've never heard the term. You can think of a SWIFT code as a unique identifier for banks across the world. Each bank has its own code, which aids in communicating with other banks across international borders. Continue reading to learn more about SWIFT codes, what they're used for, and how to find them. Read more: The 20 biggest banks in the U.S. This embedded content is not available in your region. What is a SWIFT code? A SWIFT code is a unique identifier that allows banks across the world to communicate with one another. SWIFT is an acronym that stands for Society for Worldwide Interbank Financial Telecommunication. SWIFT is a network that was founded in 1973 to create a global messaging service for financial institutions. Today, more than 11,000 banks in over 200 countries and territories participate in the g
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