What is SWIFT in banking?

The SWIFT/BIC code for TURKIYE IS BANKASI A.S. is ISBKTRISXXX .

SWIFT is an acronym for the Society for Worldwide Interbank Financial Telecommunications and may also be referred to as a CIC code.

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a messaging system that runs on a network of financial institutions . It is used by thousands of banks worldwide to communicate information on financial transactions in a secure and standardized way.

Behind most international money and security transfers is the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system. SWIFT is a vast messaging network banks and other financial institutions use to quickly, accurately, and securely send and receive information, such as money transfer instructions.