What Is a Wire Transfer Code?
The wire transfer code is actually the swift code.
Wire transfer code
Right!
- The wire transfer code is actually the swift code.
- A bank identification code, generally used for power generation remittances, letters of credit, and telegrams, each bank has it, and is used to quickly process interbank telegram transactions. Banks with branches, such as agricultural banks, will also assign Swift codes with different suffixes to their internal branches.
- Therefore, the code of Agricultural Bank is different in all different regions.