SWIFT is an acronym for "Society for Worldwide Interbank Financial Telecommunication". How to use swift in a sentence. List of 147 SWIFT definitions. 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. What is the code? 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. In depth analysis of a swift code. SWIFT codes can be from 8 to 11 characters in length. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. 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. A SWIFT code is usually used during international bank wire transfers. When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. BIC stands for Bank Identifier Code, which refers to the set of digits you can use to send international payments. Synonym Discussion of swift. It must be remembered that BICs and SWIFT Codes can be used interchangeably and are one and the same thing. 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. Updated June 2020. It is a network for sending money electronically, which was founded in 1973. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, while BIC is short for Bank Identifier Code. What does SWIFT stand for? List page number 3 It is a unique identification code for both financial and non-financial institutions. SWIFT means Society for Worldwide Interbank Financial Telecommunication. 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. What does SWIFT stand for in banking? A good example of a SWIFT code would be the CommBank’s code- CTBAAU2S. It's a global network for processing payments between countries. 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. 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