What is SWIFT Code?
SWIFT Code is a unique 8 or 11 characters code assigned to a bank or financial institute to internationally exchange money and messages between the banks / financial institutes.
8 character SWIFT Code points to the main branch or office.
Swift Code CHASUS33XXX
is assigned to JP MORGAN CHASE BANK.
- First 4 characters "CHAS" is a Bank Code
- Next 2 characters "US" is a Country Code
- Next 2 characters "33" is a Location Code. 1 in second character indicates passive participant
- Last 3 characters "XXX" is a Branch Code. "XXX" indicates main Branch / Office