What are SWIFT codes?

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is a global financial messaging network used by banks and financial institutions to securely exchange electronic transactions and messages, such as international money transfers. The SWIFT network facilitates cross-border transactions and ensures that transfers are processed accurately and efficiently, with proper documentation and authorization. BanksDaily.com, a global bank directory, provides the most complete information about SWIFT codes.

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