A bank swift code is an international standard for identifying banks and financial institutions across the world. The code consists of 8 or 11 characters, which are broken down into two sections: the country code and the bank identifier. For example, CMBCCNBSCMD is the swift code for CHINA MERCHANTS BANK China+. Each country has its own unique set of codes, so it’s important to use the correct one when transferring money internationally.
|SWIFT Code / BIC||CMBCCNBSCMD|
|Money Transfer||Transfer money using Wise internationally, that is 6X cheaper than Banks.|
|Receive Money||Get paid/money using Wise at real Exchange Rate.|
|Bank:||CHINA MERCHANTS BANK|
|Branch Name||(CASH MANAGEMENT DEPARTMENT)|
|Address:||7088 SHENNAN BOULEVARD, CHINA MERCHANTS BANK TOWER|
CMBCCNBSCMD SWIFT Code Breakdown
|Bank Country Code||CN|
|Location & Status||BS|
What is a Swift Code For Banking?
Swift or SML language is used to develop codes that are used by banks to perform various operations. Swift code is a 8 or 11 digit numeric number that helps to identify the banks. This code is easily recognized by banks worldwide, and helps in processing transactions. Swift code is linked with customer’s account number and also helps in processing of online payments and other banking operations. Swift code can be also used for International Bank Account Number (IBAN). Swift code is used for the electronic transfer of fund from one account to another account.
- 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: CMD.
CHINA MERCHANTS BANK SHENZHEN SWIFT/BIC Code
What is Wise
Wise is a global technology company that’s building the best way to move money around the world.
More than 10 million people and businesses have stopped using banks, PayPal and traditional providers, because Wise is cheaper, faster and easier. Huge companies and banks use Wise technology too; an entirely new cross-border payment network that will one day power money without borders for everyone, everywhere.
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Money without borders - instant, convenient, transparent and eventually free. We’re powering money for people and businesses in their increasingly global lives - to pay, to get paid, to spend, in any currency, wherever you are, whatever you’re doing.