Swift Code

If you have ever sent money internationally, you have probably required a SWIFT or BIC code to tell the bank or transfer service where you wanted to send the money. These codes were created to increase security when making international money transfers. They serve to eradicate errors, reduce waiting times and avoid additional costs.

“SWIFT” is the acronym for “Society for Worldwide Interbank Financial Telecommunication” to give name to the identification code of an international transaction. It is also known as “BIC” for “Bank Identifier Code”.

Now you know what the SWIFT code is and as you can see, the general idea is to make international money transfers easy, secure and to guarantee that the person you send the transfer to receives it as agreed.

Banorte swift code

My cousin went to the bank with the intention of making a transaction from her account to a foreign bank account. In the middle of that personal transaction the bank asked her with some familiarity to write down the SWIFT code of her bank. She hesitated a bit as the tone of the staff confirmed that it was a code she should know. However, this was not the case. What happened to my cousin could happen to anyone.

One of the positive features of the SWIFT code is its confidentiality, as only authorized persons can know it. The digits that make up the code contain complete, accurate and valid information. This is a code through which information and services can be accessed when required and finally, any person using it must be authorized to do so, making it a reliable code.

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Wire transfers are less and less used by people who want to send their money from abroad to our country. This method of remittance has become less and less requested due to the great ease that exists to make this type of transactions by other electronic means faster and safer, but above all, without the need to leave the comfort of your home.

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If you have ever sent money internationally, you have probably required a SWIFT or BIC code to tell the bank or transfer service where you wanted to send the money. These codes were created to increase security when making international money transfers. They serve to eradicate errors, reduce waiting times and avoid additional costs.

“SWIFT” is the acronym for “Society for Worldwide Interbank Financial Telecommunication” to give name to the identification code of an international transaction. It is also known as “BIC” for “Bank Identifier Code”.

Now you know what the SWIFT code is and as you can see, the general idea is to make international money transfers easy, secure and to guarantee that the person you send the transfer to receives it as agreed.

Banamex Swift Code

The BIC code (Bank Identifier Code) or SWIFT code (Society for Worldwide Interbank Financial Telecommunication) is necessary when making an international transfer to identify a specific bank. This code contains between 8 and 11 characters.

They allow the user to customize some features of the general options of the Web page (remember the language, the top level of the portal chosen if the user is a private individual, company or self-employed and remember it on the next visit).