Like for example, if you want to transfer money to a particular bank in the Philippines like Security Bank, you might be required to provide Security Bank's swift code in order for the money transfer transaction to proceed.
The swift code is also known as Bank Identifier Code (BIC). It's a financial system that traces the money transfer anywhere in the world.
So what's the swift code of Security Bank (in the Philippines)?
What's the official Swift Code or Bank Identifier Code (BIC) of Security Bank?
The official swift code of Security Bank is SETCPHMM
You might think, "What if the recipient branch of account is the Security Bank Cebu branch? or the Security Bank Iloilo branch? or the Security Bank Davao branch? Can I use this swift code listed above in any Security Bank branches in the Philippines?"
Yes. You can use the swift code listed above in any Security Bank branches in the Philippines. That swift code applies to all Security Bank branches in the Philippines.
About SWIFT
SWIFT is an acronym of Society for Worldwide InterBank Financial Transactions. It's an organization that systematized the process of money transfer around the Globe. They invented the swift code or the BIC which traces the money transfer transaction anywhere in the world.
They issue these swift codes to registered financial and non-financial institutions in the world.
Swift code is also called ISO 9362, BIC Code, or SWIFT-BIC.
Do you have any concern in using Security Bank's swift code?
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They issue these swift codes to registered financial and non-financial institutions in the world.
Swift code is also called ISO 9362, BIC Code, or SWIFT-BIC.
Do you have any concern in using Security Bank's swift code?