Or Validate SWIFT / BIC Code
SWIFT / BIC Code Details of FIRST MIDLAND RURAL BANK, INC., MAIN BRANCH Branch
The Swift Code of First Midland Rural Bank, Inc. , Main Branch Branch is FRMRPHM1
| COUNTRY NAME | PHILIPPINES |
| COUNTRY CODE | PH |
| BANK NAME | FIRST MIDLAND RURAL BANK, INC. |
| BRANCH NAME | MAIN BRANCH |
| CITY NAME | ILOILO |
| SWIFT CODE | FRMRPHM1 (Use for international fund transfer.) |
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Rate Date : 22/11/24
About First Midland Rural Bank, Inc., Main Branch Branch
General Information -
The First Midland Rural Bank, Inc. , Main Branch Branch is Located in Iloilo City, Philippines.
The Swift / BIC Code of First Midland Rural Bank, Inc. , Main Branch is : FRMRPHM1
Breakdown of First Midland Rural Bank, Inc., Main Branch Branch SWIFT Code
F | R | M | R | P | H | M | 1 |
Bank Code | Country ISO Code | Location Code | |||||
The first four digits (FRMR) represent the bank, here it's representing First Midland Rural Bank, Inc..
Next two digits (PH) is country ISO code & here this code indicates Philippines country.
Next two digits is (M1) - is location code, it's use to identify the particular bank location.
- If the second character is "0" - then it is typically a test BIC as opposed to a BIC used on the live network.
- If the second character is "1" - then it denotes a passive participant in the SWIFT network
- If the second character is "2" - then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
This SWIFT Code is an eight-digit code, it may be assumed that it refers to the primary office.
FAQ
The SWIFT / BIC Code of First Midland Rural Bank, Inc., Main Branch Branch is : FRMRPHM1
The First Midland Rural Bank, Inc. , Main Branch is Located in Iloilo , Philippines.
General Information About SWIFT / BIC Code
What is SWIFT/BIC Code?
SWIFT codes means Society of Worldwide Interbank Financial Telecommunication Code. The Swift/BIC code is used to identify a particular branch of a bank or financial institution & it'll help you to transfer money internationaly and executor for cross-border payments.
The length of the Swift Code is either eight or eleven digits & combination of couple of letters & numbers. The first four charecter of the swift code is bank code, next two digits is country code, next two digits is location code & last three digits is optional & it's help to identify the specific bank branch.
Financial institutions worldwide have the option to become part of SWIFT’s network. They provide messaging systems and use the latest technology to ensure safe and expedient international commerce.
What is Swift code used for?
These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.
Example: Breakdown of SWIFT/BIC Code
A | B | C | D | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Bank Code | Country ISO Code | Location Code | Branch Code | |||||||