A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique code used to identify a specific bank or branch. It is used when making international wire transfers or other financial transactions. The SWIFT code for Revolut Bank is "REVOGB21".
SWIFT codes are important because they ensure that money is sent to the correct bank and branch. They also help to speed up the transfer process and reduce the risk of errors.
If you are making an international wire transfer to a Revolut Bank account, you will need to provide the bank's SWIFT code. You can find the SWIFT code for Revolut Bank on the bank's website or by contacting customer service.
Revolut Bank Code
A Revolut bank code, also known as a SWIFT code or BIC, is a unique identifier for Revolut Bank. It is used to facilitate international wire transfers and other financial transactions.
- Format: REVOGB21
- Usage: Required for international wire transfers
- Benefits: Ensures accurate and timely transfers
- Availability: Found on Revolut's website and in the app
- Importance: Prevents errors and delays in international payments
- Security: Helps protect against fraud and unauthorized transactions
- Global Reach: SWIFT codes are used worldwide for cross-border payments
- International Standard: Adheres to ISO 9362 international standard
In summary, Revolut's bank code is a crucial element for seamless and secure international financial transactions. It helps ensure accurate and timely transfers, prevents errors, and adheres to international standards. By understanding these key aspects, businesses and individuals can effectively utilize Revolut's services for their global financial needs.
Format
The format of the Revolut bank code, REVOGB21, adheres to the ISO 9362 international standard for Business Identifier Codes (BICs). This code uniquely identifies Revolut Bank and facilitates seamless international financial transactions.
- Bank Code: REVOG represents Revolut Bank.
- Country Code: GB denotes the United Kingdom, where Revolut Bank is headquartered.
- Location Code: 21 indicates the specific branch or office of Revolut Bank.
- Checksum: The final character, 1, is adigit that ensures the accuracy of the code.
Understanding the format of the Revolut bank code is essential for accurate and efficient international wire transfers. By adhering to the standardized format, Revolut ensures that funds are routed to the correct destination quickly and securely.
Usage
The Revolut bank code is essential for international wire transfers because it enables the accurate and secure routing of funds to the intended recipient bank. Without the correct bank code, international wire transfers may be delayed, misdirected, or even lost.
For example, if you are sending a wire transfer from a bank account in the United States to a Revolut Bank account in the United Kingdom, you will need to provide Revolut's bank code (REVOGB21) to ensure that the funds are sent to the correct bank and branch.
Understanding the importance of the Revolut bank code for international wire transfers is crucial for businesses and individuals who need to send money overseas. By using the correct bank code, you can ensure that your transfers are processed quickly, accurately, and securely.
Benefits
The Revolut bank code plays a critical role in ensuring accurate and timely transfers by providing a unique identifier for Revolut Bank, facilitating seamless communication between sending and receiving banks. This bank code serves as a critical component of international wire transfer instructions, ensuring that funds are routed to the correct destination swiftly and securely.
Consider the following example: When initiating an international wire transfer, the sender's bank relies on the recipient's bank code to identify the intended destination. By providing Revolut's bank code (REVOGB21), the sender's bank can accurately route the funds to Revolut Bank, ensuring that the transfer is processed efficiently and without errors.
Understanding the connection between the Revolut bank code and accurate, timely transfers is essential for businesses and individuals who frequently engage in international transactions. By leveraging this code, users can minimize the risk of delays, errors, or lost funds, ensuring that their financial transactions are executed smoothly and promptly.
Availability
The easy availability of the Revolut bank code on the company's website and in its mobile app contributes significantly to the code's accessibility and usability. This ready availability ensures that users can swiftly and conveniently access the code whenever and wherever they need it, without the need for external searches or manual retrieval processes.
The practical significance of this availability is reflected in various scenarios. For instance, during international wire transfers, having the bank code readily available on the Revolut app allows users to initiate transactions promptly, without the hassle of searching for the code elsewhere. This streamlined process enhances the overall user experience and facilitates efficient financial management.
Furthermore, the availability of the Revolut bank code within the app and on the website empowers users with greater control over their financial activities. By having the code at their fingertips, users can verify and confirm the accuracy of the code before initiating transfers, minimizing the risk of errors or delays. This transparency and accessibility contribute to building trust and confidence in the Revolut platform.
Importance
The Revolut bank code plays a pivotal role in preventing errors and delays in international payments, ensuring the smooth and timely transfer of funds across borders.
- Accurate Routing: The unique bank code identifies Revolut Bank as the intended recipient, eliminating the risk of misdirected or lost funds due to incorrect routing.
- Reduced Processing Time: By providing the correct bank code, financial institutions can process international transfers more efficiently, reducing delays and ensuring timely delivery of funds.
- Error Prevention: The bank code serves as an essential verification tool, preventing errors in account numbers or other payment details, which can cause delays or failed transactions.
- Simplified Communication: The Revolut bank code facilitates clear communication between sending and receiving banks, ensuring that all necessary information is accurately transmitted, minimizing the potential for errors.
In summary, the Revolut bank code is crucial for preventing errors and delays in international payments by providing a standardized and reliable method for identifying the recipient bank, streamlining processing, and minimizing the risk of incorrect or incomplete information.
Security
The Revolut bank code is a critical element in protecting against fraud and unauthorized transactions, ensuring the security and integrity of financial transfers.
- Unique Identification: The bank code uniquely identifies Revolut Bank as the intended recipient, reducing the risk of funds being diverted to fraudulent accounts.
- Verification Mechanism: Financial institutions use the bank code to verify the authenticity of transfer requests, preventing unauthorized access to accounts and fraudulent transactions.
- Enhanced Security Measures: Revolut Bank implements robust security measures, including encryption and multi-factor authentication, further safeguarding transactions protected by the bank code.
Understanding the role of the Revolut bank code in enhancing security is essential for businesses and individuals who prioritize the protection of their financial assets. By leveraging this unique identifier, users can mitigate the risk of fraud and unauthorized transactions, ensuring the security and integrity of their international payments.
Global Reach
The Revolut bank code is part of the larger network of SWIFT codes, which are used globally for cross-border payments. This global reach has several implications for Revolut users:
- International Money Transfers: The Revolut bank code enables users to send and receive money from anywhere in the world, making it a convenient option for international businesses and individuals.
- Currency Exchange: Revolut offers competitive currency exchange rates, and the bank code facilitates seamless currency conversions during international transfers.
- Global Business Transactions: Businesses can use the Revolut bank code to streamline their international payments, reducing costs and improving efficiency.
Overall, the global reach of SWIFT codes, including the Revolut bank code, provides users with a secure and efficient way to manage their international financial transactions.
International Standard
The Revolut bank code adheres to the ISO 9362 international standard, which establishes a globally recognized format for Business Identifier Codes (BICs). This standard ensures consistency and accuracy in international financial transactions.
The ISO 9362 standard specifies the structure and content of BICs, including the Revolut bank code (REVOGB21). It defines the use of specific characters to represent the bank code, country code, location code, and checksum. This standardized format facilitates efficient and error-free processing of international wire transfers.
By adhering to the ISO 9362 standard, the Revolut bank code ensures that it is universally recognized and accepted by financial institutions worldwide. This enables Revolut users to send and receive international payments seamlessly, with reduced risk of errors or delays.
FAQs about Revolut Bank Code
This section provides answers to frequently asked questions about the Revolut bank code, its usage, and its importance in international financial transactions.
Question 1: What is a Revolut bank code?
A Revolut bank code, also known as a SWIFT code or BIC, is a unique identifier for Revolut Bank. It is used to facilitate international wire transfers and other financial transactions.
Question 2: Why is the Revolut bank code important?
The Revolut bank code is important because it ensures that money is sent to the correct bank and branch. It also helps to speed up the transfer process and reduce the risk of errors.
Question 3: Where can I find the Revolut bank code?
The Revolut bank code can be found on the Revolut website, in the Revolut app, or by contacting customer service.
Question 4: How do I use the Revolut bank code?
When making an international wire transfer to a Revolut Bank account, you will need to provide the bank's SWIFT code. You can find the SWIFT code for Revolut Bank on the bank's website or by contacting customer service.
Question 5: Are there any fees associated with using the Revolut bank code?
There are no fees associated with using the Revolut bank code. However, your bank may charge a fee for international wire transfers.
Question 6: What is the format of the Revolut bank code?
The Revolut bank code is an 11-character code. The first four characters represent the bank code, the next two characters represent the country code, the next two characters represent the location code, and the last three characters represent the branch code.
Summary: The Revolut bank code is a crucial element in international financial transactions. It helps ensure accurate and timely transfers, prevents errors, and adheres to international standards. By understanding the importance and usage of the Revolut bank code, businesses and individuals can effectively utilize Revolut's services for their global financial needs.
Next Section: Additional Information about Revolut Bank
Revolut Bank Code Tips
The Revolut bank code, also known as a SWIFT code or BIC, is a unique identifier for Revolut Bank. It is used to facilitate international wire transfers and other financial transactions.
Here are some tips for using the Revolut bank code:
Tip 1: Use the correct bank code for your transaction.
There are different Revolut bank codes for different countries. Make sure you use the correct bank code for the country you are sending money to.
Tip 2: Double-check the bank code before you make a transfer.
Errors in the bank code can cause your transfer to be delayed or even lost. Double-check the bank code before you make a transfer to avoid any problems.
Tip 3: Use a reputable money transfer provider.
Not all money transfer providers are created equal. Choose a reputable provider that offers competitive exchange rates and low fees.
Tip 4: Be aware of the transfer fees.
Some money transfer providers charge fees for international wire transfers. Be aware of the fees before you make a transfer so that you can budget accordingly.
Tip 5: Track your transfer status.
Once you have made a transfer, you can track its status online or through the money transfer provider's app. This will help you to ensure that your transfer is processed correctly.
Summary: By following these tips, you can ensure that your international wire transfers are processed quickly, securely, and efficiently.
Next Section: Additional Information about Revolut Bank
Conclusion
The Revolut bank code, also known as a SWIFT code or BIC, is a unique identifier for Revolut Bank. It is used to facilitate international wire transfers and other financial transactions. The Revolut bank code is important because it ensures that money is sent to the correct bank and branch. It also helps to speed up the transfer process and reduce the risk of errors.
Businesses and individuals who need to send money overseas should be aware of the Revolut bank code and how to use it. By using the correct bank code, you can ensure that your transfers are processed quickly, securely, and efficiently.
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