CORUTZT10T3 SWIFT/BIC Code

The SWIFT number CORUTZT10T3 was issued by CRDB BANK LIMITED in TANGA.

SWIFT/BIC NumberCORUTZT10T3
Bank NameCRDB BANK LIMITED
Bank CityTANGA
Bank Branch

What is a BIC code?

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

If you send money internationally you almost always need to use a SWIFT/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 can use the BIC code to find another bank on the other side of the world. Like sending post to the wrong ZIP code means it may get lost, the same applies for your money and an incorrect SWIFT code.

What does a SWIFT 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 financial 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.