INMECOB1 SWIFT/BIC Code

The SWIFT number INMECOB1 was issued by MERCANTIL DE INVESIONES SA in BOGOTA.

SWIFT/BIC NumberINMECOB1
Bank NameMERCANTIL DE INVESIONES SA
Bank CityBOGOTA
Bank Branch

What is a SWIFT code?

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

If you transfer money internationally you almost always need to use a BIC code, as it’s the way banks, financial institutions and money transfer services figure out where the money needs to go. You can think of a SWIFT code a bit like a ZIP/postal code. Your bank can use the SWIFT/BIC code to find another bank on the opposite side of the world. Like sending post to the wrong ZIP/postal code means it might go missing, the same applies for your money and the wrong SWIFT code.

What does a SWIFT look like?

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

AAAA BB CC DDD

  • AAAA: 4 character bank code. Only 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 banks 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.