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      What is a SWIFT/BIC code?

      Learn all about SWIFT codes and BIC codes and what they are used for.

      What is a SWIFT or BIC code?

      A SWIFT code is 8-11 characters and are required in several countries to make international payments, these codes are unique to different banks. Not all countries refer to these as SWIFT codes and can often be called BIC codes. 

      What is an example of a SWIFT code?

      Let's look at Caxton’s SWIFT code RBOSGB2L, the RBOS refers to our banks name (Royal Bank of Scotland), GB is referring to the country which in this Great Britian as it’s a UK based bank and 21 is referring to the branch code.

      Sometimes SWIFT/BIC codes automatically add 3 ‘X’ at the end once it’s been verified. SWIFT/BIC codes are made up of letters and numbers.

      That's it. You should know about SWIFT and BIC codes.

      Still need support? Get in touch with our international payments customer support team by sending an email to info@caxton.io Or perhaps you would like to open an account? Learn more and get in touch today.