If you're receiving a deposit into your account from an overseas account by telegraphic transfer, your payee may be asked to enter the SWIFT code.
If you'd like to transfer money from a account to an overseas account by telegraphic transfer, you'll need to obtain the SWIFT Code of the recipient's bank.
What is a SWIFT code? It is:
A code of 8-11 characters used by banks around the world to transfer money
An abbreviation for "Society for Worldwide Interbank Financial Telecommunication".
Asking the person or business you'd like to pay
Logging into Online Banking (Site), selecting the "Banking" tab and searching the "Overseas Payments" menu, or
Checking the SWIFT website (swift.com/bsl).
To find a SWIFT code through Online Banking, simply:
Log in to your bank site.
Choose your payment destination
Nominate the amount and account you'd like to pay from
Enter the recipient's bank details
Search for the SWIFT code by entering the name or city of the recipient's bank.
Just keep in mind that you'll need to use an IBAN (International Bank Account Number) for:
All Euro currency payments to Europe and the UK
Payments in any currency to Lebanon and Kuwait. For more information Your Life as Loan Broker