Everything you need to know about SWIFT codes for your online money transfers
4-letter institution code
2-letter country code
2-letter location code
3 optional letters that identify a specific branch code
BNOR -
PH -
MM -
XXX
The SWIFT code identifies the bank and branch that your money is going to when you send money abroad.
Think of the SWIFT code as a recipient address. Trying to transfer money internationally without a swift code is like mailing a letter with no address. You can drop the letter in the mail but it’s not going to arrive where you want it to.
Since SWIFT codes are so widely used, you should be able to find your bank’s code easily. A good place to start in searching for your bank’s SWIFT code is to look at your bank paper statements. They are often listed with the other bank information. If you don’t have paper statements, you can log in online and look at an electronic statement.
You can also check the bank’s website to look for their SWIFT code. If none of these avenues have worked, you can search your banks name and ‘SWIFT code’ online or use www.theswiftcodes.com, or www.bankswiftcode.org to find it.
If you still can’t find it, call or visit your bank and ask in person.
The SWIFT code system, or Society for Worldwide Interbank Financial Telecommunication, was established in 1973 and became available for use in 1977. At that point, only 518 banks in 22 different countries were using the SWIFT messaging service. Today, almost every bank around the globe has a SWIFT code, and the system is used in more than 200 countries.