SWIFT code is the international code of the bank, which is generally used for power remittance and letter of credit telegram. Most banks have it, which is used to quickly process telegrams between banks. Large banks such as Agricultural Bank, Industrial and Commercial Bank of China and China Construction Bank will also assign Swift codes with different suffixes to their internal branches.

Banks have their own SWIFT codes, namely SWIFT codes. During wire transfer, the remitting bank can remit the money to the receiving bank by sending a payment message according to the SWIFT code of the receiving bank.

Extended data:

The information required for telegraphic transfer includes:

① remittance currency and amount

② Name and address of payee

③ The payee's account number in the bank where the account is opened.

④ the name, SWIFT code or address of the payee's bank.

Baidu encyclopedia -SWIFT code

Phoenix. Com- Bank of China overseas remittance