ABBVIE INC SWIFT CODE
ABBVUS44 – ABBVIE, INC.
| SWIFT CODE | ABBVUS44 |
|---|---|
| BANK | ABBVIE, INC. |
| ADDRESS | 1 NORTH WAUKEGAN ROAD |
| CITY | CHICAGO |
| BRANCH | |
| POSTCODE | 60064 |
| COUNTRY | United States |
ABBVIE, INC SWIFT CODE – ABBVUS44
Overview of ABBVIE, INC.
ABBVIE, INC. Company background
AbbVie, Inc. is a global biopharmaceutical company founded in 2013 after separating from Abbott Laboratories. Headquartered in North Chicago, Illinois, AbbVie develops and markets advanced therapies that address some of the world’s most complex and critical medical conditions.
Products and services
AbbVie has a robust portfolio of industry-leading products across therapeutic areas like immunology, oncology, neuroscience, eye care, virology, and women’s health. Top-selling products include Humira for autoimmune diseases, Imbruvica for blood cancers, and Botox for aesthetic treatments.
Global presence
With commercial operations in over 170 countries, AbbVie has a significant global footprint and reach. Key international markets include Europe, Japan, and emerging markets in Latin America and Asia Pacific.
What is a SWIFT Code?
SWIFT code definition
SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, which operates a messaging network that enables financial institutions worldwide to send and receive secure information and money transfer instructions.
A SWIFT code is a standard format for business identifiers to facilitate global money and information transfers. SWIFT codes serve as a unique address to identify banks and financial institutions globally.
Purpose of SWIFT codes
SWIFT codes enable automated, standardized communication between banks and financial institutions for quick, secure cross-border payments and transactions.
Instead of banks needing to have separate arrangements with each institution they transfer money to, the SWIFT network sets up a unified communication channel.
Structure and components
A SWIFT code consists of 8 or 11 alphanumeric characters broken down as follows:
Bank code
The first 4 letters identify the bank itself
Country code
The next 2 letters denote the country location
Location code
This 2 character code represents the city/location
Branch code
The last 3 characters identify the specific branch (if needed)
AbbVie’s SWIFT Code Details
AbbVie’s full SWIFT code
ABBVUS44
This serves as AbbVie’s exclusive business identifier for cross-border SWIFT-enabled transactions.
Breakdown of AbbVie’s SWIFT code components
| Code Component | Details |
|---|---|
| Bank Code | ABBV |
| Country Code | US |
| Location Code | 44 |
| Branch Code | XXX |
AbbVie’s bank details
Bank name
ABBVIE, INC.
Bank address
1 NORTH WAUKEGAN ROAD, CHICAGO
Other bank information
AbbVie handles its own treasury and cash management operations directly.
Using AbbVie’s SWIFT Code for Money Transfers
AbbVie’s SWIFT code can be used to securely send or receive international payments to and from AbbVie’s accounts.
International wire transfers
AbbVie’s business partners and vendors can use the SWIFT code to easily transfer payments abroad directly into AbbVie’s bank accounts.
Reduced transfer fees
Using SWIFT codes eliminates the need for intermediary banks, reducing international wire transfer fees significantly.
Faster money transfers
The automated SWIFT platform enables real-time communication about transfers, ensuring quicker settlement.
Secure money transfers
The SWIFT network has built-in security protocols and encryption to prevent fraud and ensure protection of sensitive financial information.
Money Transfer Options with Wise
While AbbVie’s SWIFT code facilitates bank-to-bank transfers, for individuals there are money transfer services like Wise that offer additional benefits.
Benefits of using Wise
Lower fees
Wise provides up to 8x cheaper rates compared to typical bank fees for international transfers to / from the US.
Faster transfers
Transfers go through in as little as 1-3 business days given Wise’s local bank accounts in 70+ countries.
Hassle-free process
Wise has an easy signup process with excellent customer support and multi-platform accessibility (web, mobile apps)
Sending money abroad with Wise
Wise makes it simple for individuals to securely send money overseas to friends, family, businesses etc at excellent exchange rates.
Receiving international payments
You can also use Wise to get paid globally from over 170 countries directly to US bank accounts, with fast money arrival and low cost.
FAQs about AbbVie’s SWIFT Code
What information is needed to send money to AbbVie?
To send a SWIFT payment to AbbVie, you need:
- Beneficiary Details (Account number, Account name)
- AbbVie’s SWIFT code – ABBVUS44
- Intermediary bank details (if applicable)
- Transfer amount, date, purpose etc
Can I use AbbVie’s SWIFT code for domestic transfers?
No, SWIFT codes can only be used for cross-border international money transfers and not for domestic transactions within the same country.
Is there an alternate SWIFT code for AbbVie?
No, ABBVUS44 is the only official SWIFT code registered under AbbVie’s legal business identity that must be used for any relevant SWIFT money transfers.
How do I get additional details about AbbVie’s SWIFT code?
You can contact AbbVie Treasury operations department directly for any specific clarification needed on its SWIFT code +1 847-935-3331.
Who regulates SWIFT codes?
SWIFT codes are standardized globally by SWIFT organization headquartered in Belgium. Additionally, international payments must comply with regulations in correspondent banking agreements.