SWIFT Code

September 30, 2013  |     |     |   0 Comment

The most important part of selling a website is of course getting paid by the buyer. High-dollar website sales generally involve bank wire transfers. In order for a money transfer to be successfully processed between banks, the buyer’s bank needs the seller’s bank’s SWIFT code and the seller’s IBAN.

A SWIFT code or SWIFT ID is a unique identification code assigned to each financial institution. Most codes contain the initials of the bank’s name. Sometimes each bank branch is assigned a special extended code. Contact your bank branch to request its code.

Author: 

Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.

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