U.S. Minor Outlying Islands Bank Swift Code and BIC Code
What is U.S. Minor Outlying Islands SWIFT Code?
SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution.
These codes are used when transferring money between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages between financial institutions and banks in the U.S. Minor Outlying Islands.
The SWIFT code can be either 8 or 11 characters long and 8 digits code refers to the primary office. The format of SWIFT Code is as follows;
AAAA UM CC DDD
- The first 4 characters ("AAAA") specify the bank. Only letters are allowed.
- The next 2 characters ("UM") specify the country. It use the format of ISO 3166-1 alpha-2 country code.
- The next 2 characters ("CC") specify the location. Letters and digits are allowed. Passive participant will have "1" in the second character
- The last 3 characters ("DDD") specify the branch. This is an optional. A 'XXX' refer to primary office. Letters and digits are allowed.
The United States Minor Outlying Islands are a statistical designation defined by the International Organization for Standardization's ISO 3166-1 code. The entry code is ISO 3166-2:UM. The minor outlying islands and groups of islands consist of eight United States insular areas in the Pacific Ocean and one in the Caribbean Sea.