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All passive i. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them. SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes or those ending in 'XXX' refer to the head or primary office. SWIFT codes are formatted as follows:.
When you send or receive money using your bank, you might lose out on a bad exchange rate and pay hidden fees as a result. That's because the banks still use an old system to exchange money. We recommend you use Wise formerly TransferWise , which is usually much cheaper. With their smart technology:. Home Switzerland. Select a bank.
Select a city. The downside of international transfers with your bank When you send or receive money using your bank, you might lose out on a bad exchange rate and pay hidden fees as a result. With their smart technology: You get a great exchange rate and a low, upfront fee every time.
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