SWIFT Code MDFCGWGWXXX: All You Need To Know
MDFCGWGWXXX is a SWIFT Code used in Guinea-Bissau for sending and receiving international wire transfers and payments from and to various countries. Here is everything you need to know about SWIFT Code MDFCGWGWXXX and how it enables global banking in Guinea-Bissau.
SWIFT Code MDFCGWGWXXX
MDFCGWGWXXX is a SWIFT Code used by MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO in Guinea-Bissau. Here is everything you need to know about MDFCGWGWXXX.
MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO SWIFT Code MDFCGWGWXXX Format And Parts
MDFCGWGWXXX captures a lot of useful information packed in it, and the below tables breaks down its constituent parts into its sub-parts.
Notice how MDFCGWGWXXX comprises of its individual pieces related to bank, country, location and branch code. In that regard, MDFCGWGWXXX complies with the ISO 9362:2014 standard that defines SWIFT Code format.
| SWIFT Code / BIC Code (8 characters) | MDFCGWGW |
| SWIFT Code / BIC Code (11 characters) | MDFCGWGWXXX |
| Bank Name | MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO |
| Bank Address | MINISTERIO DAS FINANCAS AVENIDA AMILCAR CABRAL 67 BISSAU GUINEA-BISSAU |
| Country | Guinea-Bissau |
| Bank Code | MDFC |
| Country Code | GW |
| Location Code | GW |
| Branch Code | XXX |
The below diagram shows the sub-parts of a SWIFT Code (like MDFCGWGWXXX).
If we apply the above formatting guidelines to MDFCGWGWXXX, we get the below breakdown:
- Bank Code: MDFC
- Country Code: GW
- Location Code: GW
- Branch Code: XXX
MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO SWIFT Code MDFCGWGWXXX 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 MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO in Guinea-Bissau.
Even though we strive our best to ensure MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO SWIFT Codes (like MDFCGWGWXXX) are up to date on our website, we still recommend that you validate them with MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO before using the same.
To ensure you have latest information, make sure you double check your MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO SWIFT Code MDFCGWGWXXX before using it.
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.
SWIFT Codes For Various Banks in Guinea-Bissau
Here is a list of SWIFT Codes used in Guinea-Bissau in a table format. All of these SWIFT Codes for Guinea-Bissau are alphabetically sorted for easier searching and lookup.
| SWIFT Code | Bank Name |
|---|---|
| ATGWGWGWXXX | BANQUE ATLANTIQUE DA GUINE-BISSAU, S.A. |
| BAOBGWGWXXX | BANCO DA AFRICA OCIDENTAL SA |
| BCAOGWG1XXX | BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST |
| BDUGGWGWXXX | BANCO DA UNIAO |
| CORIGWGWXXX | CORIS BANK INTERNATIONAL GUINEE BISSAU |
| ECOCGWGWXXX | ECOBANK GUINEE BISSAU |
| MDFCGWGWXXX | MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO |
| ORBKGWGWXXX | ORABANK COTE D'IVOIRE SUCCURSALE DE GUINEE-BISSAU |
Are You Looking For SWIFT Codes For Banks And Financial Institutions?
We have compiled the list of countries with SWIFT Codes for various Banks, Credit Unions and Financial Institutions. Click on your country below to see the correct SWIFT Codes for various financial institution in your country.
The below list of countries is alphabetically sorted so it is easier for you to find your country in this list.
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 MDFCGWGWXXX provides the below constituent parts:
1) Bank Code: MDFC
2) Country Code: GW
3) Location Code: GW
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.
Frequently Asked Questions About SWIFT Codes
What Is MDFCGWGWXXX?
MDFCGWGWXXX is a SWIFT Code, also called BIC Code, and is used by MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO located in Guinea-Bissau.
What Is MDFCGWGWXXX Used For?
MDFCGWGWXXX is used for sending and receiving international wire transfers using the SWIFT network from and to bank accounts held at MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO in Guinea-Bissau.
Which Bank Uses MDFCGWGWXXX?
MDFCGWGWXXX is a SWIFT Code used by MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO located at MINISTERIO DAS FINANCAS AVENIDA AMILCAR CABRAL 67 BISSAU GUINEA-BISSAU. MINISTERIO DAS FINANCAS - DIRECCAO GERAL DO TESOURO is a financial institution in Guinea-Bissau.
Are There Variants Of MDFCGWGWXXX?
Yes, you can use either the 8-character version or the 11-character version of SWIFT Code MDFCGWGWXXX – these are MDFCGWGW and MDFCGWGWXXX, respectively. The 11-character version, MDFCGWGWXXX, supplements the 8-character version, MDFCGWGW, by adding the 3-character branch code XXX.
What Information Does MDFCGWGWXXX Contain?
MDFCGWGWXXX is a SWIFT Code, also called BIC Code, and carries the following information in its format and structure - Bank Code MDFC, Country Code GW, Location Code GW and Branch Code XXX.
How Can I Find SWIFT Codes For Banks In Guinea-Bissau?
There are various ways to find SWIFT Codes for various banks in Guinea-Bissau. These include looking at your bank account statement, calling your bank, checking online SWIFT Bank registry sites or relying on RemitFinder's SWIFT Code lookup tool.
How Many Banks Have SWIFT Codes In Guinea-Bissau?
There are numerous banks that use SWIFT Codes In Guinea-Bissau. Check out the table presented earlier on this page to check out SWIFT Codes used by various banks in Guinea-Bissau.
What Is A SWIFT Code?
A SWIFT Code is globally unique number for a financial organization and serves as a global messaging address for that organization. SWIFT Codes are issued, managed and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), an association that maintains a global finance-related data-sharing network.
What Is A SWIFT Code Used For?
Since a SWIFT Code is a unique ID for a financial institution, it is extremely helpful in routing money accurately. As a result, SWIFT Codes are used to process international wire transfers, a mechanism to send money from one bank to another anywhere in the world.
What Is A BIC Code?
A BIC (Business Identifier Code) is a unique identification number comprising of eight digits and letters (or 11 if the bank branch ID is also included) that helps to unambiguously identity a financial institution worldwide. BICs are primarily used as messaging addresses for the financial organizations participating in global payments and financial transactions.
Are BIC And SWIFT Codes Different?
No, BIC and SWIFT Codes are not different from each other, but represent the same concept. In addition to being called SWIFT Codes and BIC Codes, these codes are also known by some other common names like SWIFT ID/address and SWIFT-BIC. The SWIFT network relies on SWIFT Codes and BIC Codes for seamless and accurate movement of money and payments across the world.
What Is The Format Of A SWIFT Or BIC Code?
A SWIFT or BIC code is a unique 8 digits-letters combination (or 11 when it also contains a bank branch code) and contains the following sub-parts: the first 4 characters (only letters) represent the bank or organization identification code, the next 2 characters (only letters) capture the ISO2 country reference code, the next 2 characters (letters & numbers) signify the area/city code where the bank or the financial organization is headquartered and the last 3 characters (numbers & letters) are reserved for an optional reference code that specifies the exact divisions, offices or administration units of the concerned financial institution.
How Can I Find The SWIFT Code For My Bank?
To find your bank's SWIFT Code, you can check your bank account statement, call your bank, visit their website, search on the internet or check out RemitFinder's free SWIFT Code lookup tool.
Is There A Better Alternative To International Wire Transfers?
International wire transfers are convenient but costly as bank generally provide low exchange rates and charge high fees. A better alternative is to rely on international money transfer companies that provide competitive exchange rates and charge very low fees. This enables you to save more on your international money transfers.