SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. List page number 3 It must be remembered that BICs and SWIFT Codes can be used interchangeably and are one and the same thing. What is the code? Synonym Discussion of swift. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, while BIC is short for Bank Identifier Code. SWIFT means Society for Worldwide Interbank Financial Telecommunication. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. BIC stands for Bank Identifier Code, which refers to the set of digits you can use to send international payments. SWIFT and BIC codes are used all over the world to identify bank branches when you make international payments, ensuring your money gets to the right place. SWIFT Codes and BIC codes are part of the ISO 9362 standards for sending money internationally. In depth analysis of a swift code. What does SWIFT stand for? It is a unique identification code for both financial and non-financial institutions. Updated June 2020. A totally useless trucking company that hires only retards and unskilled drivers who usually fuck up so bad that they bring shame to the trucking community. What does SWIFT stand for in banking? When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. It is a network for sending money electronically, which was founded in 1973. Swift codes are broken down into sections, in the same way telephone numbers are broken into sections, and every section reveals some information about the institution that was assigned this code. SWIFT codes can be from 8 to 11 characters in length. List of 147 SWIFT definitions. Swift definition is - moving or capable of moving with great speed. This is a system which banks and financial institutions worldwide use to send and receive information about transactions which are made securely in a standardized way. A SWIFT code is usually used during international bank wire transfers. SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication, while BIC stands for ‘Bank Identification Code’ and is interchangeable with the SWIFT code. SWIFT is an acronym for "Society for Worldwide Interbank Financial Telecommunication". SWIFT message types are the format or schema used to send messages to financial institutions on the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.The original message types were developed by SWIFT and a subset was retrospectively made into an ISO standard, ISO 15022.In many instances, SWIFT message types between custodians follow the ISO standard. What does SWIFT stand for? How to use swift in a sentence. 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