While many European countries use the IBAN number, many others use a SWIFT number as a unique identification code. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. A SWIFT number is sometimes called a BIC or Bank Identifier Code. A SWIFT code consists of 8 or 11 characters, most of which are letters. The bank is identified by the first four characters of the code, while the remaining characters indicate the nation in which the bank is located. The following characters designate particular bank branches or divisions. You must be aware of the recipient bank’s SWIFT code in order to send money internationally.
Banking information APIs can be utilized to get access to banking information such as account balance, transactions, and more Banking information APIs are a great way for developers to get access to this information. This way they can create apps that help people manage their money better. Also, these APIs can be used by banks and other financial institutions to get access to more knowledge about other banks. Besides, these types of APIs are usually created with a focus on security and reliability. This is due to the fact that they handle sensitive information that needs to be kept safe.
If you want to maximize monetary data insights, in this article, we’ll explain how you can do that with a banking information API.
Which Banking Information API Should You Use?
Nowadays, the most recommended one is SWIFT – IBAN – Routing Bank Checker API. It is a strong tool that provides access to critical data related to SWIFT codes, IBAN codes, and Routing Bank Numbers. This API is organized to help streamline financial transactions by corroborating the accuracy of banking information quickly and efficiently.
Moreover, Routing Bank Numbers are another important element of financial trades, and the Bank Codes Lookup API can assist you in quickly confirming their precision. Routing Bank Numbers are employed in the United States to recognize financial institutions and process transactions. By using this API to validate Routing Bank Numbers, you can downsize the risk of errors and guarantee that transactions are processed quickly and accurately.
More On SWIFT – IBAN – Routing Bank Checker API
Apart from everything it provides, the Bank Codes Lookup API is developed to be easy to use and integrate into your existing financial systems. With simple API requests, you can quickly retrieve information about SWIFT codes, IBAN codes, and Routing Bank Numbers. This API is also highly scalable, making it ideal for use by large financial institutions and small businesses alike.
How Does SWIFT-IBAN-Routing Bank Checker API Work?
After signing up, every developer is given a personal API access key, an individual combination of letters and digits provided to access the API endpoint. To authenticate with the SWIFT – IBAN – Routing Bank Checker API REST API, simply include the bearer token in the Authorization header.
Here below, you can find a response to the endpoint IBAN CODE CHECKER:
{
“status”: 200,
“success”: true,
“message”: “PT50000101231234567890192 is a valid IBAN”,
“data”: {
“iban”: “PT50000101231234567890192”,
“country”: “Portugal [PT]”,
“sepa_country”: “Yes”,
“checksum”: “50”,
“bban”: “000101231234567890192”,
“bank_code”: “0001”,
“branch_code”: “0123”,
“account_number”: “12345678901”,
“check_digit”: “92”,
“bank_details”: {
“swift_code”: “BGALPTTGXXX”,
“bank_name”: “BANCO DE PORTUGAL”,
“branch”: “SISTEMAS DE PAGAMENTOS”,
“address”: “AV. ALMIRANTE REIS, 71 EDIFICIO PORTUGAL”,
“city”: “LISBON”,
“zip”: “1150-012”
}
}
}
To sum up, if you want to start using SWIFT – IBAN – Routing Bank Checker API and have access to all its advantages, you just need to select from the various plans to which you can subscribe. Besides, the API offers a free 7-day trial.
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