EmerioBanque

Emerio Banque SWIFT Code: EMEIGB22

Authentic and secure transactions across nations.

SWIFT CODE is a unique identifier that an account holder uses to identify the particular country, bank and branch of another account holder where the account is registered. In simple words, it is a form of bank identification.

This international bank code plays an important role in bank transactions across nations. EmerioBanque uses its SWIFT CODE to send money to overseas banks. Swift code provides standard authenticity to a bank transaction.

A SWIFT CODE usually consists of 8-11 digits or characters which are arranged in a unique manner. To make you understand better, let’s take the example of EmerioBanque SWIFT CODE: EMEIGB22

General characteristics of Swift Code:

The first 4 characters are used to identify the bank.
The next 2 characters are used to describe the particular country.
The next 2 characters can be a combination of both numbers and letters for identifying the town i.e., location-based codes.
The last 3 characters identify the particular branch of the bank.

Is A BIC Code And A SWIFT CODE Same?

Yes, SWIFT CODEs are also known as BIC (Bank Identifier Code). They both are the same thing and the terms are interchangeable. Because BIC Codes are managed by The Society for Worldwide Interbank Financial Telecommunication (SWIFT), they are also called SWIFT CODEs.

Is A SWIFT CODE And An IBAN Code Same?

No, They are different from each other and used to identify different things. A SWIFT CODE is used to identify a particular bank, country, and branch during an international transaction while an IBAN Code ((International Bank Account Number) used to identify the individual account in any individual transaction. They consist of a unique combination of both numbers and letters up to 34 characters and are being used worldwide. IBAN and Swift both play an important role in the safe execution of international money transfer.

SWIFT CODEs and BIC Codes are the same things but there are many other terms which are being used by banks overseas, for example:

CHIPS (Clearing House Interbank Payment System)
NCC (National Clearing Code)
BSC (Bank Sort Code)

How Does The SWIFT System Work?

Before understanding how these SWIFT CODEs work, you need to understand that it does not transfer actual funds from one bank to another, rather it sends messages requesting payments between the concerning banks or financial institutions in different nations. In simple words, it is a messaging network that banks use to transfer information and instructions safely through a standardized system of codes.

SWIFT payments are the safest, secure, and authentic methods to send and receive funds from one country to another. It provides a quicker and faster way to conduct an international wire transfer.





Other news

Exchange Rates

Currency Buy Sell
EUR USD 1.06 1.10
EUR GBP 0.86 0.89
EUR CHF 1.02 1.06
EUR AUD 1.72 1.70
EUR JPY 116.08 116.56
EUR MYR 4.50 4.77
EUR SGD 1.53 1.57
EUR HKD 8.27 8.53
EUR CAD 1.54 53.84
EUR DKK 9.75 1.55

Most Recent Blogs View All Blogs

01 Aug

Ethical Banking & Sustainable Finance : Key Concerns Highlights

Today, almost 80% of global trade relies on trade financial systems which are sustainable & feas...

21 Jul

Importance of Trade Finance For Importers-Exporters

A vast amount of SMEs and entrepreneurs who are interested in import-export trade activities rely on...

14 Jul

Cybersecurity Measures In International Trade

Ever since the global pandemic exposed the flaws of paper-based traditional international trade fina...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.