Mayotte Bank Swift Code and BIC Code
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What is Mayotte SWIFT Code?
SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution.
These codes are used when transferring money between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages between financial institutions and banks in the Mayotte.
The SWIFT code can be either 8 or 11 characters long and 8 digits code refers to the primary office. The format of SWIFT Code is as follows;
AAAA YT CC DDD
- The first 4 characters ("AAAA") specify the bank. Only letters are allowed.
- The next 2 characters ("YT") specify the country. It use the format of ISO 3166-1 alpha-2 country code.
- The next 2 characters ("CC") specify the location. Letters and digits are allowed. Passive participant will have "1" in the second character
- The last 3 characters ("DDD") specify the branch. This is an optional. A 'XXX' refer to primary office. Letters and digits are allowed.
Mayotte is an overseas department and region of France officially named the Department of Mayotte. It consists of a main island, Grande-Terre, a smaller island, Petite-Terre, and several islets around these two. Mayotte is part of the Comoros archipelago, located in the northern Mozambique Channel in the Indian Ocean off the coast of Southeast Africa, between northwestern Madagascar and northeastern Mozambique. The department status of Mayotte is recent and the region remains, by a significant margin, the poorest in France. Mayotte is nevertheless much more prosperous than the other countries of the Mozambique Channel, making it a major destination for illegal immigration.