Synonym Discussion of swift. Swift codes are broken down into sections, in the same way telephone numbers are broken into sections, and every section reveals some information about the institution that was assigned this code. SWIFT and BIC codes are used all over the world to identify bank branches when you make international payments, ensuring your money gets to the right place. SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication, while BIC stands for ‘Bank Identification Code’ and is interchangeable with the SWIFT code. When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. A totally useless trucking company that hires only retards and unskilled drivers who usually fuck up so bad that they bring shame to the trucking community. What does SWIFT stand for? List of 147 SWIFT definitions. SWIFT Codes and BIC codes are part of the ISO 9362 standards for sending money internationally. BIC stands for Bank Identifier Code, which refers to the set of digits you can use to send international payments. A SWIFT code is usually used during international bank wire transfers. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. SWIFT is an acronym for "Society for Worldwide Interbank Financial Telecommunication". It must be remembered that BICs and SWIFT Codes can be used interchangeably and are one and the same thing. Updated June 2020. What does SWIFT stand for? SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. A good example of a SWIFT code would be the CommBank’s code- CTBAAU2S. SWIFT codes can be from 8 to 11 characters in length. How to use swift in a sentence. List page number 3 SWIFT means Society for Worldwide Interbank Financial Telecommunication. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, while BIC is short for Bank Identifier Code. Top SWIFT abbreviation meaning: Schulenburg Weimar In Focus Together. Swift definition is - moving or capable of moving with great speed. SWIFT message types are the format or schema used to send messages to financial institutions on the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.The original message types were developed by SWIFT and a subset was retrospectively made into an ISO standard, ISO 15022.In many instances, SWIFT message types between custodians follow the ISO standard. This is a system which banks and financial institutions worldwide use to send and receive information about transactions which are made securely in a standardized way. It is a network for sending money electronically, which was founded in 1973. What is the code? The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. It is a unique identification code for both financial and non-financial institutions. What does SWIFT stand for in banking? 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