The SWIFT code (Society for Worldwide Interbank Financial Telecommunication) is also known as ISO 9362 code approved by the International Standard Organization (ISO) or Bank Identifier Code (BIC) SWIFT code is an unique identification for a particular bank, mainly use for the money transfer between banks, particularly for International Wire Transfers and for the other message exchange between banks. The SWIFT Code structure is given below:
The SWIFT Code contains 8 or 11 characters and the main difference between 8 and 11 characters are the 8-digits code refers to the primary office and the 11-digit code refers the sub office for example XXXX YY CC ZZZ:
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Swift Code : PNBPCATT
City Name : TORONTO