How to use swift in a sentence. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. A SWIFT code is usually used during international bank wire transfers. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. This is a system which banks and financial institutions worldwide use to send and receive information about transactions which are made securely in a standardized way. Swift definition is - moving or capable of moving with great speed. It must be remembered that BICs and SWIFT Codes can be used interchangeably and are one and the same thing. What does SWIFT stand for in banking? SWIFT message types are the format or schema used to send messages to financial institutions on the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.The original message types were developed by SWIFT and a subset was retrospectively made into an ISO standard, ISO 15022.In many instances, SWIFT message types between custodians follow the ISO standard. A totally useless trucking company that hires only retards and unskilled drivers who usually fuck up so bad that they bring shame to the trucking community. BIC stands for Bank Identifier Code, which refers to the set of digits you can use to send international payments. What does SWIFT stand for? SWIFT codes can be from 8 to 11 characters in length. List page number 3 When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. What is the code? What does SWIFT stand for? SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication, while BIC stands for ‘Bank Identification Code’ and is interchangeable with the SWIFT code. It is a network for sending money electronically, which was founded in 1973. SWIFT Codes and BIC codes are part of the ISO 9362 standards for sending money internationally. SWIFT means Society for Worldwide Interbank Financial Telecommunication. List of 147 SWIFT definitions. Top SWIFT abbreviation meaning: Schulenburg Weimar In Focus Together. Updated June 2020. Synonym Discussion of swift. SWIFT and BIC codes are used all over the world to identify bank branches when you make international payments, ensuring your money gets to the right place. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, while BIC is short for Bank Identifier Code. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It's a global network for processing payments between countries. 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