SPAREBANKEN OEST, DRAMMEN - SWIFT/BIC Code

SPAREBANKEN OEST, DRAMMEN - SWIFT Code Information

SWIFT Code / BIC

SAOENO22

Bank / Institution

SPAREBANKEN OEST

Address

2 BRAGERNES TORG

City

DRAMMEN

Postcode

3017

Country

Norway

Connection

Active

SAOENO22 - SWIFT Code Breakdown

SWIFT Code

SAOENO22 or SAOENO22XXX

Bank Code

SAOE - code assigned to SPAREBANKEN OEST

Country Code

NO - code belongs to Norway

Location & Status

22 - represents location, second digit means active code

Branch Code

XXX or not assigned, indicating this is a head office

What is a SWIFT Code SAOENO22?

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.