Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $12,693
15%  
Woo hoo!! And now less than $300 to reach 16%!! Thank you all very much!! God bless.

Keyword: swiftcode

Brevity: Headers | « Text »
  • question about bank SWIFT codes

    07/19/2010 7:42:12 PM PDT · by rudy45 · 5 replies
    I understand the concept of SWIFT codes, i.e. they are used when wiring money from one bank to another bank, either domestic or foreign. I am unclear, however, why a given bank will have multiple SWIFT codes, depending on the department or branch of the bank. I would think and hope that by now, regardless of the bank, a customer could go into any branch of that bank and process the receipt of the wire transfer, because of that bank's computer systems? Does it make sense, therefore, that the sender must specify the code for a particular branch? Thanks.