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What are Swift codes, ABA & IBAN numbers and Sort Codes?

April 26, 2017aba IBAN Numbers sort Swift

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What are Swift codes, ABA & IBAN numbers and Sort Codes?

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The SWIFT system is a secure messaging system that allows financial institutions to instruct each other on payments and accounts that they hold with each other. Sometimes it is sufficient to provide a branch code, such as a BSB code in Australia, or Sort code in the UK. In America we need ABA codes or routing numbers. In Europe we need an IBAN number. These codes allow the OzForex operations team to accurately identify the bank and branch where your money is being sent.