Now let's take a look at the SWIFT code components breakdown
Bank Name
BANQUE DE DAKAR SA, DAKAR
SWIFT Code (BIC)
BDKRSNDA
Bank Code
BDKR
Country Code
SN
Location Code
DA
Branch Code
XXX
About Senegal
Senegal, officially the Republic of Senegal, is a country in West Africa, on the Atlantic Ocean coastline. Senegal is bordered by Mauritania to the north, Mali to the east, Guinea to the southeast and Guinea-Bissau to the southwest. Senegal nearly surrounds The Gambia, a country occupying a narrow sliver of land along the banks of the Gambia River, which separates Senegal's southern region of Casamance from the rest of the country. Senegal also shares a maritime border with Cape Verde. Senegal's economic and political capital is Dakar.
Senegal is notably the westernmost country in the mainland of the Old World, or Afro-Eurasia. It owes its name to the Senegal River, which borders it to the east and north. The climate is typically Sahelian, though there is a rainy season. Senegal covers a land area of almost 197,000 square kilometres (76,000 sq mi) and has a population of around 17 million. The state is a unitary presidential republic; since the country's foundation in 1960, it has been recognized as one of the most stable countries on the African continent.
The state was formed as part of the independence of French West Africa from French colonial rule. Because of this history, French is the official language, but it is understood by only a minority of the population. Over 30 languages are spoken in Senegal, and Wolof is the most widely spoken one, with 80% of the population speaking it as a first or second language, acting as Senegal's lingua franca alongside French. Like other post-colonial African states, the country includes a wide mix of ethnic and linguistic communities, with the largest being the Wolof, Fula, and Serer people. Senegalese people are predominantly Muslim.
Senegal is classified as a heavily indebted poor country, with relatively low HDI ranked 170th in the Human Development Index. Most of the population is on the coast and works in agriculture or other food industries; other major industries include mining, tourism, and services. The country does not have notable natural resources, but the basis of its development lies in education, where almost half the state's budget is spent. Senegal is a member state of the African Union, the United Nations, the Economic Community of West African States (ECOWAS), Organisation internationale de la Francophonie, the Organisation of Islamic Cooperation, and the Community of Sahel-Saharan States. Internationally, Senegal is best known in the sporting world for the Paris-Dakar Rally.
A SWIFT code checker is an online tool or service that allows you to verify the accuracy of a SWIFT code. SWIFT codes, also known as BIC (Bank Identifier Code) or SWIFT-BIC codes, are unique identification codes used by banks and financial institutions worldwide for international money transfers. These codes consist of letters and numbers and help ensure that funds are sent to the correct destination.
A SWIFT code checker typically functions by allowing you to enter a SWIFT code, and it then provides information about the bank or financial institution associated with that code. This information may include the bank's name, location, and sometimes additional details like branch information.
Using a SWIFT code checker can help you confirm that you have the correct SWIFT code when sending or receiving international payments, reducing the risk of errors and ensuring that your money reaches its intended recipient. It's a useful tool for individuals and businesses engaged in international financial transactions.
What is SWIFT CODE or BIC ?
A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identification code used by banks and financial institutions worldwide. It serves as a standardized way to identify a particular bank or financial institution during international financial transactions, particularly for wire transfers and electronic communication between banks.
SWIFT codes consist of a combination of letters and numbers, typically 8 to 11 characters long. Each part of the code has a specific meaning:
Bank Code: The first four letters represent the bank or financial institution's name or acronym. This part of the code identifies the institution itself.
Country Code: The next two letters represent the country in which the bank is located. They indicate the country where the bank is registered or headquartered.
Location Code: The following two letters (or digits) can further specify the location of the bank, often indicating the city or branch where the account is held. This part is optional and not always present in all SWIFT codes.
Branch Code (Optional): In some cases, the last three digits (or characters) of the SWIFT code can represent a specific branch of the bank. This part is also optional and may not be included in all SWIFT codes.
SWIFT codes are crucial for international money transfers because they help ensure that funds are sent to the correct destination. When you initiate an international payment, you'll need to provide the SWIFT code of the recipient bank, along with other account details, to ensure that the money reaches the intended recipient's account. It's a standardized system that facilitates secure and efficient cross-border financial transactions.
