BANQUE EXTERIEURE DALGERIE AGENCE EL-OUED Swift Code, Address

What is a SWIFT Code / BIC code?

Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes. SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.

SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:

• First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of BANQUE EXTERIEURE DALGERIE the first four characters from left BEXA indicates that it is BANQUE EXTERIEURE DALGERIE.
• Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of BANQUE EXTERIEURE DALGERIE characters 5 and 6 from left DZ indicates that bank is in ALGERIA. It means that all the banks located in ALGERIA will have DZ at 5th and 6th place from left in their Swift Codes / BIC Codes.
• Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of BANQUE EXTERIEURE DALGERIE characters 7 and 8 from left AL indicates that bank is in EL-OUED. It means that all the branches of BANQUE EXTERIEURE DALGERIE located in EL-OUED will have AL at 7th and 8th place from left in their Swift Codes / BIC Codes.
• Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank. In the case of BANQUE EXTERIEURE DALGERIE characters 9 - 11 from left 094 indicates branch code. It means that BANQUE EXTERIEURE DALGERIE Branch code: 094 is used for branches located at CITE RIMMEL. If XXX are in 9-11 place then it means that it is the Head Office of Bank / Financial institution.
• Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.