NOVO BANCO, SA, FUNCHAL - SWIFT/BIC Code

NOVO BANCO, SA, FUNCHAL - SWIFT Code Information

SWIFT Code / BIC
BESCPTPLOSF
Bank / Institution
NOVO BANCO, SA
Address
RUA ANTONIO JOSE DE ALMEIDA 3-1
City
FUNCHAL
Postcode
9000
Country
Portugal
Connection
Active
BESCPTPLOSF - SWIFT Code Breakdown
SWIFT Code
BESCPTPL or BESCPTPLOSF
Bank Code
BESC - code assigned to NOVO BANCO, SA
Country Code
PT - code belongs to Portugal
Location & Status
PL - represents location, second digit means active code
Branch Code
OSF or not assigned, indicating this is a head office
Head Office
BESCPTPL - primary office of NOVO BANCO, SA, Portugal

What is a SWIFT Code BESCPTPLOSF?

SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.

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