In international financial transactions, the SWIFT/BIC code serves as a critical identifier for banks. Comprising 8 to 11 characters, this code precisely corresponds to a specific bank and its branch. For instance, the code MAOISMSM003 belongs to BANCA DI SAN MARINO SPA , revealing a wealth of structured information.
The first four letters, "MAOI" , represent the bank's name, while the following two letters, "SM" , clearly indicate its country of origin—the picturesque Republic of San Marino. The subsequent location code, "SM" , further pinpoints the bank's headquarters, ensuring that international funds are routed accurately. The final three digits, "003" , identify the specific branch. If a code ends with "XXX" , it typically denotes the bank's head office.
Mastering the structure of SWIFT/BIC codes empowers individuals and businesses to navigate international financial transactions with confidence, guaranteeing seamless and efficient fund transfers. BANCA DI SAN MARINO SPA exemplifies this commitment by providing secure and reliable banking services, ensuring every transaction meets the highest standards of safety and precision.