How SWIFT code works at BCA bank?
SWIFT code is required to help the transaction’s verification process for BCA bank’s customers. For a transaction to succeed, the customer is required to know the SWIFT code. The SWIFT code is always located at the front of your bank account number. Different from the bank code which made of 3 digits numbers; SWIFT code is a combination of capital letters and numbers that make between 8 and 11 digits sequence.
What is a SWIFT code at BCA bank?
A unique code which is known as SWIFT code when making a transfer from BCA bank to other countries is an abbreviation - Society for Worldwide Interbank Financial Telecommunications. This is actually an association that connects thousands of security agencies and corporate customers in more than 200 countries all around the world, with the purpose of ensuring the security of online money transactions, especially when sending / receiving money between BCA bank and other countries. Another purpose of the SWIFT code is to reduce the operational risk when making transactions, setting a standard, and minimizing the amount of transaction fee.
How to find the SWIFT code at BCA bank?
SWIFT/BIC codes of BCA bank consist of 8-11 characters which identify the Bank’s name, Country code, City, and the details of the location of the bank itself.
Bank Code
First four digits are the bank code. This code is usually an initial of the bank’s name which consists of the alphabet A-Z.
Country Code
The next two digits are the Country code of the place where the bank is located. This code consists of a combination of alphabet characters A-Z.
Location Code
This location code can be a two digits of letters or numbers which shows the location from the head office of the bank.
Branch Code (Optional)
Next is a 3 digits combination of letters or numbers which shows the branch code specifically.
For example, the SWIFT code from JAKARTA branch of BCA bank is CENAIDJAXXX
From that code we can know that first 4 letters is the name of Bank CENTRAL ASIA. Then, the next two letters are the country code id Indonesia, which is ID. JA is the location code of the BCA bank head office located in Jakarta. Last three digits is the branch code for the Jakarta city area.
When do you need a SWIFT code / BIC?
If you’re sending or receiving money internationally between banks, particularly international wire transfers or SEPA payments, you may be asked for a SWIFT code. SWIFT codes help banks to process transfers from abroad.
Where can I find my SWIFT code / BIC?
Usually you can find your bank’s SWIFT code / BIC in your bank account statements. You can also use our SWIFT code / BIC finder to find the appropriate code for your transfer.
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