This topic is about bank swift. Swift codes are very necessary for monetary transaction around the world. The SWIFT code of a bank is an alphanumeric code that uniquely identifies your financial institution. SWIFT code is also known as BI - Bank Identifier Code. You do not need to know your bank's SWIFT code unless you are doing international transactions. SWIFT Code stands for Society for Worldwide Interbank Financial Telecommunication Code also known as ISO 9362 or SWIFT BIC or BIC code of SWIFT ID is the standard format of Bank Identifier Codes (BIC) which is permitted by the International Standard Organization (ISO). It represent as the unique identification code of a particular bank. The purpose of these codes includes the transferring of money between banks especially for international wire transfers and also used for exchanging of other messages between banks.