Do you want to learn how to check SWIFT codes when making international transfers? Then you should read this post and see how easy it is to do it using just one API!
If you’ve recently made an international transfer, you’ll be aware that, in addition to the receiver’s account number, you’ll be asked for a SWIFT code. Although you may not realize it, this makes your money moves a lot more secure by avoiding errors and allowing you to be more agile with your bank transfers.
But what exactly is the SWIFT code? SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, and it is an alphanumeric code of between 8 and 11 digits. As an example, the first four numbers identify the bank; the next two the country where the account is locate; and the next two the location of the office where it was opened.
The last three digits do not always appear and signify the number of the respective office. When they are not used, it is because the account belongs to a central entity. Furthermore, keep in mind that this code is also known as BIC; and that bank professionals use both names interchangeably when referring to the same thing). This means that if you ask for this number, it can be referred to in one of two ways.
Use An API For All Your Transactions And Avoid Problems!
If you want to know your SWIFT code; all you have to do is look it up on your banking app or on their website. Therefore, If you are looking for the SWIFT code of a client or supplier; you will be unable to access the numerous SWIFT code search engines available on the Internet.
Given that economic transactions are increasingly taking place over the internet; it is critical to implement security systems that ensure these transactions are carry out legally, efficiently, and securely.
This is the goal for which APIs were developed to retrieve information from these codes. Knowing what the SWIFT code is can help you identify frauds, providing a more secure service.
Now that you know and understand the benefits that having a SWIFT code identifier can provide you; let us tell you that you are on the right path to improving the security of your transactions; and that of your business.
That is why we want to recommend this API, which in addition to providing you with this service; also has a very large variety of bank account verifiers that are very useful; and are consider the best on the internet!
Learn All About A Bank Account Using An API!
With IBAN Validator API, you can validate any bank account information (IBAN, BIC/SWIFT, and BBAN) programmatically; and may also obtain further information about the bank, which will provide you with more information on the location of the account. It can validate any number from any Euro nation and establish an IBAN.
IBAN Validator API may also be used to simply convert BBAN numbers to IBAN numbers. If you need to offer someone outside your country your bank information, they will want IBAN, therefore you will produce these numbers for them automatically. More significantly, you will be told in advance if any taxes apply to your purchases. It is a highway to simplify your international payments!
Related Post: How To Validate An IBAN Number With An API?