Do you want to enhance your payment processes as a developer? If so, you should use an API that checks IBAN and routing bank numbers!

The swift code is a unique alphanumeric identifier that is assigned to each bank branch in the SWIFT network. It may be used to identify a bank branch in any of the SWIFT member countries. The SWIFT Code is made up of 8-11 alphanumeric characters, with the first 3 characters identifying the country where the bank branch is located. The last 5 characters are assigned by the bank branch itself. It may be used to identify a bank branch in any of the SWIFT member countries.  The introduction of the euro in 2002 was a major milestone for Europe. The single currency has resulted in a considerable expansion of e-commerce across the continent, with the number of transactions growing by more than 50% over the past ten years.

But this growth has also been accompanied by a rise in fraud and chargebacks, which cost businesses an estimated €21 billion per year. To combat this problem, banks have been using Banking Information APIs to help businesses verify customer information and ensure that transactions are legitimate. These APIs can check a customer’s bank account number, IBAN, and routing bank information to ensure that they are legitimate and that payments are processed correctly.

Within a country’s ABA system, a financial institution is identified by its routing number, which is an alphanumeric string. It can be used to locate a financial institution in any state that is a part of the American Bankers Association. The routing number has nine digits, the last of which is a check digit. The first eight digits identify the institution.

We believe that the SWIFT-IBAN-Routing Bank Checker API is the ideal API to enhance your payment processes.

SWIFT-IBAN-Routing Bank Checker API

Thanks to the SWIFT-IBAN-Routing Bank Checker API, developers now have a quick and simple way to check and retrieve information on SWIFT codes, IBAN codes, and routing bank numbers. Financial transactions could be expedited and error rates could be reduced by using this API to swiftly assess and confirm the accuracy of banking information.

The Bank Codes Lookup API offers access to IBAN codes in addition to validating SWIFT codes. IBAN codes are used to identify bank accounts for international payments in Europe and other regions of the world. You may easily ascertain an IBAN code’s accuracy using the API, lowering the possibility of errors in financial transactions.

All You Have To Do To Utilize It Is:

• Go to SWIFT – IBAN – Routing Bank Checker API and simply click on the button “START FREE TRIAL” to start using the API.
• After signing up in Zyla API Hub, you’ll be ready to start using the API!
• Employ the different API endpoints depending on what you are looking for.
• Once you meet your needed endpoint, make the API call by pressing the button “test endpoint” and see the results on your screen.

The “Routing Bank Checker,” “IBAN Code Checker,” and “SWIFT Code Checker” endpoints are accessible through this API. Pick the one that most closely satisfies your specifications for what you’re looking for from among them. The sample below demonstrates how the “SWIFT Code Checker” will operate:

{
"status": 200,
"success": true,
"message": "SWIFT code ADTVBRDF is valid",
"data": {
"swift_code": "ADTVBRDF",
"bank": "ACLA BANK",
"city": "BRASILIA",
"branch": "",
"address": "Q SHCN CL QUADRA BLOCO E, 316,316",
"post_code": "70775-550",
"country": "Brazil",
"country_code": "BR",
"breakdown": {
"swift_code": "ADTVBRDF or ADTVBRDFXXX",
"bank_code": "ADTV - code assigned to ACLA BANK",
"country_code": "BR - code belongs to Brazil",
"location_code": "DF - represents location, second digit 'F' means active code",
"code_status": "Active",
"branch_code": "XXX or not assigned, indicating this is a head office"
}
}
}

As you can see from this response, the SWIFT Code is valid, it comes from Brasilia, Brazil. You can also see the banking information as well as some more data.

The routing bank number is another essential component of financial transactions, and you can quickly verify it with the help of this API. Routing bank numbers are used in the US to identify financial institutions and manage transactions. By making use of our IBAN Codes API to validate Routing Bank Numbers, you may reduce the likelihood of errors and ensure that transactions are carried out promptly and correctly.