Swift Code / BIC (Bank Identifier Code) Details for PAYELV21 and PAYELV21XXX

PAYELV21 is the swift code for Primary Office of PAYSERA LT Bank in RIGA Latvia. Since this swift code belongs to a primary office of the bank, it can have an optional branch code "XXX". 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 PAYSERA LT is also PAYELV21 or PAYELV21XXX.

Swift Code / BIC (Bank Identifier Code) Swift Code for primary office is generally formatted as 8 characters.
Swift Code for primary office can have optional XXX at the end.
Bank PAYSERA LT
Branch Primary Office
City RIGA
Country Latvia Latvia
Branch Code XXX (Optional)
Address ZEMGALU IELA 23A - 19 LV-1006 RIGA LATVIA
Postal Code LV-1006
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 PAYELV21 and PAYELV21XXX

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:

PAYE LV 21 XXX
  • 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 PAYE.
  • 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 LV. The country corresponding to this country code is Latvia.
  • 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 21.
  • 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 XXX.

4 Letter Bank Code 2 Letter Country Code 2 Letter Location Code 3 Letter Branch Code
PAYE LV 21 XXX