Swift Code / BIC (Bank Identifier Code) Details for VBINISR1 and VBINISR1___
VBINISR1 is the swift code for Primary Office of VBS INVESTMENT BANK Bank in REYKJAVIK Iceland. Since this swift code belongs to a primary office of the bank, it can have an optional branch code "___". This swift code belongs to a financial institution.
Swift Code is also known as SWIFT-BIC, BIC (Bank Identifier Code), or SWIFT ID.Bank Identifier Code or BIC for VBS INVESTMENT BANK is also VBINISR1 and VBINISR1___.
|Swift Code / BIC (Bank Identifier Code)||VBINISR1 Swift Code for primary office is generally formatted as 8 characters.|
VBINISR1___ Swift Code for primary office can have optional ___ at the end.
|Bank||VBS INVESTMENT BANK|
|Branch Code||___ (Optional)|
|Address||SUDURLANDSBRAUT 18 108 REYKJAVIK ICELAND|
|Type of institution||Financial Institution|
What is a SWIFT Code / BIC (Bank Identifier Code)
Swift Code is a unique identification code for a particular bank. It is a standard format for Business Identifier Codes (BICs, previously known as Bank Identifier Codes). It is technically used to identify banks and financial institutions globally distinctively - it says who and where they are. People use these codes to transfer money within banks for international wire transfers (the reason you're probably here looking up for info). SWIFT codes and BIC codes are same and the terms are interchangeable.
Parts of Swift Code VBINISR1 and VBINISR1___
Swift codes are usually formed of 8 (or) 11 characters.You can understand that a swift code or BIC refers to a primary office when it's formatted in an 8-digit code.The codes are arranged in the following manner:
VBIN IS R1 ___
- Bank Code (A-Z) - 4 letter code. The first four letters indicate the shortened version of a bank's name. The Bank Code for this is VBIN.
- Country Code (A-Z) - 2 letter code. The second two letters say the name of the country in which the bank is located. The Country Code for this is IS. The country corresponding to this country code is Iceland.
- Location Code (0-9) (A-Z) - A 2 digit code that could be either two letters or numbers. It says where the bank's head office is located. The Location Code for this is R1.
- Branch Code - This is an optional 3-digit code. It states a particular branch instead of the bank's head office. The Branch Code for this is ___.
|4 Letter Bank Code||2 Letter Country Code||2 Letter Location Code||3 Letter Branch Code|