Swift Code

A SWIFT Code, also known as a BIC, is used to ensure that international payments are sent to the correct bank. It typically includes information about the bank, country, and branch location. Businesses use SWIFT codes when sending or receiving cross-border payments. For startups operating globally, especially those with US entities, SWIFT codes are essential for managing international transactions, vendor payments, and investor transfers. Accuracy is important, as incorrect codes can delay or misdirect funds.