A bank swift code, also known as a BIC (Business Identifier Code), is an international standard format for Business Identifiers. It uniquely identifies banks and financial institutions globally. The codes are used when transferring money between banks, especially for international wire transfers.
|SWIFT Code / BIC||GDBKCN22JNB|
|Money Transfer||Transfer money using Wise internationally, that is 6X cheaper than Banks.|
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|Bank:||CHINA GUANGFA BANK CO., LTD (FORMERLY KNOWN AS GUANGDONG DEVELOPMENT BANK)|
|Branch Name||(JINAN BRANCH)|
|Address:||151-1 WEIER ROAD|
GDBKCN22JNB SWIFT Code Breakdown
|Bank Country Code||CN|
|Location & Status||22|
What does Swift code meanWhat is A Swift Code?
Swift codes or Bank Identifier Codes (BICs) are alphanumeric bank account identifiers used to identify banks internationally. Swift codes consist of 8 or 11 alphanumeric characters. The first 3-4 characters denote the type of bank (i.e., IBAN, BIC, SWIFT) and the last three characters identify the bank’s country code. Swift codes are most commonly used by banks for electronic fund transfers (EFT), electronic remittance orders (ERO), and direct debits (DDA).
- First 4 (four) characters – bank code (only letters)
- Second 2 characters – ISO 43896-1 Alpha-2 country code (only letters)
- Third 2 characters – location code, passive participant will have “1” in the second character (letters & digits)
- Last/fourth 3 characters – Branch code, optional – ‘XXX’ for primary office (letters and digits). For example: JNB.
CHINA GUANGFA BANK CO., LTD (FORMERLY KNOWN AS GUANGDONG DEVELOPMENT BANK) JINAN SWIFT/BIC Code
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