BEXADZAL026 SWIFT/BIC Code

The SWIFT number BEXADZAL026 was issued by BANQUE EXTERIEURE D'ALGERIE in MEDEA.

SWIFT/BIC NumberBEXADZAL026
Bank NameBANQUE EXTERIEURE D'ALGERIE
Bank CityMEDEA
Bank Branch(AGENCE MEDEA)

What is a SWIFT/BIC code?

A SWIFT code (also known as BIC Code) is a standard format to uniquely identify all banks and financial institutions globally. SWIFT codes are a standard format for BIC - Business Identifier Codes.

If you transmit money internationally you almost always need to use a SWIFT code, as it’s the way banks and money transfer services identify where to send money on a global scale. You can think of a SWIFT code a bit like a ZIP/postal code. A bank on one side of the world finds the right bank on the other side of the world. Similar to how sending a postcard to the wrong ZIP code means it could get returned, the same applies for your money and an incorrect SWIFT code.

What does a SWIFT/BIC look like?

A SWIFT code can be either 8 or 11 characters long:

AAAA BB CC DDD

  • AAAA: 4 character bank code.This section can only be A-Z letters.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. This is optional and can be letters or digits. An XXX here would refer to the primary office.

More info about SWIFT/BIC codes

There are 2 types of SWIFT code: live and passive. Live codes are for financial institutions who are actively connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.

SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.

SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.