SWIFT code is required to help the transaction’s verification process for BCA bank’s customers. For a transaction to succeed, the customer is required to know the SWIFT code. The SWIFT code is always located at the front of your bank account number. Different from the bank code which made of 3 digits numbers; SWIFT code is a combination of capital letters and numbers that make between 8 and 11 digits sequence.
What is a SWIFT code at BCA bank?
A unique code which is known as SWIFT code when making a transfer from BCA bank to other countries is an abbreviation – Society for Worldwide Interbank Financial Telecommunications. This is actually an association that connects thousands of security agencies and corporate customers in more than 200 countries all around the world, with the purpose of ensuring the security of online money transactions, especially when sending / receiving money between BCA bank and other countries. Another purpose of the SWIFT code is to reduce the operational risk when making transactions, setting a standard, and minimizing the amount of transaction fee.