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, CMBCCNBS596 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||CMBCCNBS596|
|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||(HAIKOU BRANCH)|
|Address:||1 SHIMAO NORTH ROAD, BUILDING C COAST NUMBER ONE|
CMBCCNBS596 SWIFT Code Details
|Bank Country Code||CN|
|Location & Status||BS|
What is 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: 596.
CHINA MERCHANTS BANK HAIKOU 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.
Over five million people use Wise, which processes over £5bn in payments every month, saving customers over £1bn a year.
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.