MULTIBANK INC., PANAMA - SWIFT/BIC Code

MULTIBANK INC., PANAMA - SWIFT Code Information

SWIFT Code / BIC

MCTBPAPA

Bank / Institution

MULTIBANK INC.

Address

PROSPERIDAD, VIA ESPANA 127

City

PANAMA

Postcode

Country

Panama

Connection

Active

MCTBPAPA - SWIFT Code Breakdown

SWIFT Code

MCTBPAPA or MCTBPAPAXXX

Bank Code

MCTB - code assigned to MULTIBANK INC.

Country Code

PA - code belongs to Panama

Location & Status

PA - represents location, second digit means active code

Branch Code

XXX or not assigned, indicating this is a head office

What is a SWIFT Code MCTBPAPA?

A 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.