Society for Worldwide Interbank financial telecommunications. globalcommunication network that facilitates 24-hour secure international exchange ofpayment instructions between banks, central banks, multinational corporations, and major securities firms. A member owned cooperative organized in 1977 under Belgium law, it now includes over 6,500 participating members from more than 180 ... Read more

USAGE EXAMPLE

Banks will have a SWIFT number that makes it easier to complete a transfer from one country to another.