![]() SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunication, is a messaging network used by financial institutions worldwide to securely send and receive information, such as money transfer instructions. What is a SWIFT payment?Ī SWIFT payment is an international wire transfer sent via the SWIFT international payment network. It's important to use the correct SWIFT code when performing international money transfers as it ensures the funds reach the correct destination. GB is the country code (United Kingdom). ![]() If 'XXX' is used, it refers to the bank's head office.įor example, in the SWIFT code 'BARCGB22XXX':
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