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Instantly convert between major world currencies using real-time mid-market rates. A perfect tool for cross-border transactions and travel planning.
Converted Result
1 USD = 0.92 EUR
The International Bank Code, also known as SWIFT Code (BIC), is the identity card used by banks for international settlements. It consists of 8 or 11 letters and numbers and is used to accurately identify the receiving bank (distinguishing between countries, regions, and branches) during cross-border transfers, ensuring the safe arrival of funds. If you are filling out an international money transfer form, you will need to obtain this code from your bank.
An incorrect SWIFT code (Bank Identifier Code) usually leads to failed transfers, funds being returned, and a refund process that can take several weeks, accompanied by high intermediary bank fees and exchange rate losses. In rare cases, if the code belongs to a different branch of the same bank, the funds may be delayed or misdirected.