Flip Globe | 15 Agustus 2023
Oleh : Rizqi Akbar
If you have ever been involved in international wire transactions, you may be familiar with the term SWIFT code. These codes are essential for facilitating safe and efficient money transfers between financial institutions throughout the world. The idea of a SWIFT code will be discussed in the following article, with an emphasis on the BNI SWIFT code specifically.
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A SWIFT code, also globally recognized as a Bank Identifier Code (BIC), is a unique identifying code given to a particular bank or financial institution. The term SWIFT itself is the abbreviation of the Society for Worldwide Interbank Financial Telecommunication. The SWIFT system provides a standardized format for global financial institutions exchanging financial messages.
In international transactions, a SWIFT code is a crucial instrument for determining the correct recipient of money. In order to correctly route the funds you send, your bank needs to know the SWIFT code of the beneficiary bank. This code serves as the bank's unique identification code. It makes sure that the funds are sent quickly and accurately to their intended recipient.
BNI, short for Bank Negara Indonesia, is one of the well-known banking institutions in Indonesia. Much like any other bank, BNI has its own SWIFT code. The BNI SWIFT code is “BNINIDJA”. Let’s break it down to understand what makes it up:
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Finding the BNI SWIFT code is relatively straightforward. Here are a few quick methods you can use:
Let’s say you wish to transfer money from a bank account overseas to a BNI account. You can use the following step-by-step guide to streamline the process:
It's crucial to remember that SWIFT codes are typically utilized for international wire transactions. In general, SWIFT codes are not used for domestic transactions within Indonesia.
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Knowing how to use the BNI SWIFT code correctly can streamline international transactions. If you ever need to initiate a wire transfer to a BNI account, remember to provide the correct SWIFT code (BNINIDJA) to ensure the funds are sent to the right recipient. If you ever require a more efficient way to transfer funds abroad, consider using Flip Globe. With Flip Globe, you can send funds to over 40 countries in a matter of minutes without using the SWIFT code.