1st United Bank SWIFT Code

1st United Bank SWIFT Code (BIC) is HEMSUS3M. Here you can will find detailed information about the swift code of 1st United Bank. 1st Unit...

1st United Bank SWIFT Code (BIC) is HEMSUS3M. Here you can will find detailed information about the swift code of 1st United Bank.

1st United Bank's SWIFT ID / address and information are as follows: 

Institution	1ST UNITED BANK
Branch name	-
Branch code	XXX
Alternative options	-
Address	ONE NORTH FEDERAL HIGHWAY
City	BOCA RATON,FL
Postal code / Location	BOCA RATON,FL 33432
Country	UNITED STATES OF AMERICA (USA)
SWIFT code	HEMSUS3MXXX
SWIFT code (8 characters)	HEMSUS3M
BIC Code analysis	8-letter swift code: HEMSUS3M Branch code: XXX Institution's 4-letter code: HEMS Country code: US Location code: 3M

About SWIFT Code

SWIFT (Society for Worldwide Interbank Financial Telecommunication) code is a standard format of Business Identifier Code / Bank Identifier Code (BIC), and it is used to identify a particular bank or branch for international money transferring. It makes sure that the money send to the right place (Bank/branch), and banks use these codes for exchanging messages between them. The SWIFT codes use network to transmit wire transfers. For international wire transfers, swift codes are always required in order to make transactions secure and fast.

SWIFT code is most common name but it also known as SWIFT ID, SWIFT-BIC, SWIFT address, BEI (Business Entity Identifier), S.W.I.F.T and ISO 9362. The ISO 9362 is standard format and it has been approved by the ISO organization. 

Details of SWIFT code

SWIFT code consist of 8 or 11 characters. 8 digit codes refer the primary / main office of the bank or financial institute. 11 digit codes represent specific branch of the bank or financial institute. SWIFT code formatted as below example:

AAAA BB CC DDD

It can be broken down as follows:

1. First four characters (AAAA) are bank code with only letters.
2. Next two characters (5th and 6th characters; BB) are following ISO 3166-1 alpha-2 standard for country code (letters only). Ex: US for United States, GB for Great Briton, CA for Canada.
3. Another next 2 characters (7th and 8th characters; CC) are location code. Ex: FF for Frankfurt, KK for Copenhagen. If it “0”, typically it is a BIC assigned for testing purposes. If it “1”, it denotes a passive participant. If it "2", typically it denotes a “reverse billing” BIC.
4. Last three characters (DDD) are branch code with letters and digits. Optionally XXX could use to referring to the main office. If this section is ignored, there would be a 8-character swift code, and there is no referral to branch.