SWIFT

[Former Member]

Hello,

Can someone explain what is SWIFT in Finance?

Thanks in advance

Kalyani

[Former Member · Accepted solution]

Hi,

SWIFT means > Soceity for Worldwide Interbank Financial Telecommunication.

This is similar to wire transfer.

Thanks

Murali.

[iraladamodara_reddy]

Hi,

SWIFT is type of key to identify the Bank account with this number(swift), like MICR/bank key number, is used in House Bank accounts customisation in FI module, mostly this is used in US/European countries.

regards,

idr

.