List of Swift codes for different banks in Somalia
| Bank/Institution | City | Branch Name | SWIFT Code |
|---|---|---|---|
| CENTRAL BANK OF SOMALIA | MOGADISCIO | N/A | CBSOSOSM |
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Find answers to common questions about SWIFT codes and how they can assist you with international transactions.
What is a SWIFT code?
A SWIFT code is an international standard for identifying banks and financial institutions globally. It is used for secure and efficient cross-border transactions.
How can I find a SWIFT code?
You can find a SWIFT code by contacting your bank, checking your bank statement, or using online SWIFT code directories and search tools like our platform TheSwiftCodeAPI.
Is a SWIFT code the same as an IBAN?
No, they are different. An IBAN is used to identify individual bank accounts, while a SWIFT code identifies the bank itself. They are often used together for international transactions.
What if the SWIFT code I have is incorrect?
If you have an incorrect SWIFT code, your transaction may fail or be delayed. Verify the SWIFT code with your bank to ensure accuracy.
Is a SWIFT code the same as an IBAN?
No, they are different. An IBAN (International Bank Account Number) is used to identify individual bank accounts, while a SWIFT code identifies the bank itself. They are often used together for international transactions.
Can I use SWIFT codes to identify banks for online banking?
SWIFT codes are used for international transactions, but for online banking within the same country, you usually use local routing numbers or account numbers.
What is the difference between a SWIFT code and a BIC?
SWIFT codes and BICs (Bank Identifier Codes) are essentially the same. The BIC is the standard term used by the International Organization for Standardization (ISO), while SWIFT is the organization that issues these codes.