SCHBBWGX022 SWIFT/BIC Code

The SWIFT number SCHBBWGX022 was issued by STANDARD CHARTERED BANK BOTSWANA LTD. in GABORONE.

SWIFT/BIC NumberSCHBBWGX022
Bank NameSTANDARD CHARTERED BANK BOTSWANA LTD.
Bank CityGABORONE
Bank Branch(STANDARD HOUSE)

What is a SWIFT/BIC code?

A SWIFT/BIC code is a standard format to uniquely identify all banks and financial institutions across the world. The SWIFT code is a standard format for Business Identifier Codes - commonly referred to as a BIC.

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

What does a BIC look like?

A 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. 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 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.