FXAFBWG1 SWIFT/BIC Code

The SWIFT number FXAFBWG1 was issued by FX AFRICA (BOTSWANA) PTY LTD in GABORONE.

SWIFT/BIC NumberFXAFBWG1
Bank NameFX AFRICA (BOTSWANA) PTY LTD
Bank CityGABORONE
Bank Branch

What is a BIC code?

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

If you transmit money internationally you nearly always need to use a BIC code, as it’s the way banks and money transfer services figure out where the money needs to go. You can think of a SWIFT/BIC code a bit like an international postal code. Your bank uses the code to send the money to the right bank in another country. Just like sending mail to the wrong ZIP/postal code means it could get returned, the same applies for your money and an incorrect SWIFT code.

What does a SWIFT look like?

A BIC/SWIFT code is either 8 or 11 characters in length:

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. Optional. Can include 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 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.