|FCIBGDGD||FIRSTCARIBBEAN INTERNATIONAL BANK (BARBADOS) LIMITED||ST. GEORGE'S|
|GROAGDGD||GRENADA CO-OPERATIVE BANK LIMITED||ST. GEORGE'S|
|GVGDGDGD||GOVERNMENT OF GRENADA||ST. GEORGE'S|
|NCBGGDGD||REPUBLIC BANK GRENADA LIMITED||ST. GEORGE'S|
|NOSCGDGD||BANK OF NOVA SCOTIA,THE||ST. GEORGE'S|
|RBTTGDGD||RBTT BANK GRENADA LIMITED||ST. GEORGE'S|
|STLGGDG1||STERLING INTERNATIONAL BANK AND TRUST CORPORATION||ST. GEORGE'S|
A SWIFT code - also known as a SWIFT number 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 send money across international lines you nearly always need to use a SWIFT 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. 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 an incorrect ZIP code means it could go missing, the same goes for your money and an incorrect SWIFT code.
A SWIFT code can be either 8 or 11 characters long:
AAAA BB CC DDD
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.