SWIFT Code DAEBKR22SEL Daegu Bank Ltd The South Korea

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.) These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same.

The SWIFT code is 8 or 11 characters?

• DAEB 4 letters: Institution Code or bank code. (Daegu Bank Ltd The)
• KR 2 letters: ISO 3166-1 alpha-2 country code (South Korea)
• 22 2 letters or digits: location code
• If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
• If the second character is "1", then it denotes a passive participant in the SWIFT network
• If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
• SEL last 3 letters or digits: branch code.
• Where an 8-digit code is given, it may be assumed that it refers to the primary office.

SWIFT Code Daegu Bank Ltd The South Korea

SWIFT Code Daegu Bank Ltd The used to Transfer fund to Internationl Daegu Bank Ltd Thes. SWIFTCode Daegu Bank Ltd The South Korea are provide the broadest coverage of national Daegu Bank Ltd The identifiers. SWIFT Code is identifying Daegu Bank Ltd The es in South Korea ([countryshor]). SWIFT Code of Daegu Bank Ltd The is unique for each in South Korea ([countryshor]). Daegu Bank Ltd The is located in Seoul Seoul, South Korea South Korea and Daegu Bank Ltd The The SWIFT code is DAEBKR22SEL .