SOUTH BANK INC, Primary Office Rodelsa Hall Rn Pelaez Kauswagan, CAGAYAN DE ORO CITY, Philippines
|
|
|---|---|
| BIC Name / Bank name / Institution Name | SOUTH BANK INC |
| Bank Code / Institution Code | SOTT |
| Country | PHILIPPINES |
| Country Code (ISO 3166) | PH |
| City | CAGAYAN DE ORO CITY |
| City Code | M1 The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | Primary Office / Head Office / Main Office |
| Branch Code | XXX |
| Swift Code / BIC Code |
SOTTPHM1
|
| Swift Code / BIC Code 11 Characters | SOTTPHM1XXX Note:If Swift Code is of 8 Characters then suffix XXX for branch code in the Swift Code. |
| Address | Rodelsa Hall Rn Pelaez Kauswagan |
| Zip Code / Postal Code | 9000 |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
| View Location on Google Map | |
| Whether Financial Institution IBAN Compliant | No, SOUTH BANK INC is not IBAN Compliant. |
| Save on International Payment Transfers | |
What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of SOUTH BANK INC the first four characters from left SOTT indicates that it is SOUTH BANK INC.
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of SOUTH BANK INC characters 5 and 6 from left PH indicates that bank is in PHILIPPINES. It means that all the banks located in PHILIPPINES will have PH at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of SOUTH BANK INC characters 7 and 8 from left M1 indicates that bank is in CAGAYAN DE ORO CITY. It means that all the branches of SOUTH BANK INC located in CAGAYAN DE ORO CITY will have M1 at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of SOUTH BANK INC the length of SWIFT Code is 8 Characters, means SOUTH BANK INC Head Office of the Financial Institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.