SWIFT Code SPIHAT22XXX: All You Need To Know

SWIFT Code SPIHAT22XXX

SPIHAT22XXX is a SWIFT Code used by TIROLER SPARKASSE BANKAKTIENGESELLSCHAFT INNSBRUCK in Austria.

There are many uses of SWIFT Codes - sending or receiving money internationally is one of the main ones. If you need to send money internationally, be aware that banks generally charge high fees and provide low exchange rates.

In contrast, money transfer companies give better rates and charge low fees as compared to banks.

Here is everything you need to know about SPIHAT22XXX.

TIROLER SPARKASSE BANKAKTIENGESELLSCHAFT INNSBRUCK SWIFT Code SPIHAT22XXX Format And Parts

SPIHAT22XXX captures a lot of useful information packed in it, and the below tables breaks down its constituent parts into its sub-parts.

Notice how SPIHAT22XXX comprises of its individual pieces related to bank, country, location and branch code. In that regard, SPIHAT22XXX complies with the ISO 9362:2014 standard that defines SWIFT Code format.

The below diagram shows the sub-parts of a SWIFT Code (like SPIHAT22XXX).

If we apply the above formatting guidelines to SPIHAT22XXX, we get the below breakdown:

• Bank Code: SPIH
• Country Code: AT
• Location Code: 22
• Branch Code: XXX

TIROLER SPARKASSE BANKAKTIENGESELLSCHAFT INNSBRUCK SWIFT Code SPIHAT22XXX adheres to the SWIFT Code specification, and carries highly useful information in its format and constituent sub-parts. This helps route funds efficiently from and to TIROLER SPARKASSE BANKAKTIENGESELLSCHAFT INNSBRUCK in Austria.

Even though we strive our best to ensure TIROLER SPARKASSE BANKAKTIENGESELLSCHAFT INNSBRUCK SWIFT Codes (like SPIHAT22XXX) are up to date on our website, we still recommend that you validate them with TIROLER SPARKASSE BANKAKTIENGESELLSCHAFT INNSBRUCK before using the same.

To ensure you have latest information, make sure you double check your TIROLER SPARKASSE BANKAKTIENGESELLSCHAFT INNSBRUCK SWIFT Code SPIHAT22XXX before using it.

How To Find The SWIFT Code or BIC Code For My Bank?

If you wish to make an international wire transfer from one bank to another, you will need the SWIFT Code (also called the BIC Code) for the recipient bank. Here are some easy ways using which you can find the SWIFT/BIC Code for your bank:

• By calling your bank to ask for their SWIFT Code.
• By logging in to their mobile app or website.
• By checking the FAQs or wire transfer section of your bank's website.
• By check the hard copy of your bank account statement.
• By searching online registries of SWIFT/BIC codes.
• By using RemitFinder's SWIFT/BIC Code registry.

You can use your bank to send and receive funds internationally, there are many other easy ways to do so. Banks often charge high fees and provide low exchange rates for international wire transfers. A better option is to use international money transfer companies to get the best exchange rates and pay low transfer fees.

What Is The Format Of A SWIFT Code or BIC Code?

SWIFT and BIC Codes comply with the 9362:2014 standard that defines their format. As per this specification, a SWIFT or BIC code is a unique 8-character combination (or 11-character when it also contains a bank branch code).

Each set of these 8 or 11 characters provide useful information about the organizations involved in an international wire transfer. The constituent characters in SWIFT and BIC Codes follow a certain specified order in their arrangement and have the following important sub-parts:

• The first 4 characters (only letters) represent the bank or financial organization identification code.
• The next 2 characters (only letters) capture the ISO2 country reference code where the bank is located.
• The next 2 characters (letters & numbers) stand for the area/city code where the bank or the financial organization is located.
• The last 3 characters (numbers & letters) are reserved for an optional reference code that specifies the exact division, branch, office or administration unit of the concerned financial institution.

SWIFT or BIC Codes are 8 or 11 character long and contain information about the bank, country, area/city and branch code for the particular financial institution.

Here is a diagram that captures the structure of a SWIFT or BIC Code in a pictorial format.

The application of the above guideline to SPIHAT22XXX provides the below constituent parts:
1) Bank Code: SPIH
2) Country Code: AT
3) Location Code: 22
4) Branch Code: XXX

There are a lot more details about SWIFT Codes and BIC Codes. If you are interested in learning more, check out our comprehensive guide on IBANs, SWIFT Codes and BIC Codes below.