SWIFT/BIC codes in Kenya 🇰🇪

What is a SWIFT/BIC code?

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

If you send money internationally you nearly always need to use a BIC 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/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. Like sending post to the wrong ZIP code means it might get lost or returned, the same thing can apply 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. 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.