| SWIFT Code / BIC | BORG IS RE |
|---|---|
| Bank / Institution | SALTPAY IIB HF. |
| Branch Name | |
| Address | KATRINARTUN 4 |
| City | REYKJAVIK |
| Postcode | 105 |
| Country |  Iceland |
| Connection | Active |
| Swift Code | BORG IS RE |
|---|---|
| Bank Code | BORG - code belongs to SALTPAY IIB HF. |
| Country Code | IS - code assigned to Iceland |
| Location & Status | RE - bank location, the second character "E" is the active code |
A SWIFT bank code (Society for Worldwide Interbank Financial Telecommunication Bank Identifier Code) is a unique 8-11 character code used to identify financial institutions globally for international wire transfers. The code is used by banks and financial institutions around the world to facilitate cross-border payments by providing a standardized identifier for each institution.
A SWIFT bank code is made up of several elements, including the bank code, country code, location code, and branch code. The code is used in combination with the recipient's bank account number (IBAN) to accurately route the money transfer to the correct bank and account.
SWIFT bank codes are registered and maintained by SWIFT, a global member-owned cooperative that provides secure and reliable financial messaging services to its member financial institutions. By using a standardized system for exchanging financial messages, including wire transfer instructions, SWIFT helps to ensure that international money transfers are accurately processed and delivered to the correct bank account.
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SWIFT codes are assigned to financial institutions by SWIFT and are used to identify the institution globally for international wire transfers and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium