ADVANCED ENERGY INDUSTRIES INC SWIFT CODE
ADEIUS55 – ADVANCED ENERGY INDUSTRIES, INC.
| SWIFT CODE | ADEIUS55 |
|---|---|
| BANK | ADVANCED ENERGY INDUSTRIES, INC. |
| ADDRESS | 1595 WYNKOOP STREET |
| CITY | DENVER |
| BRANCH | |
| POSTCODE | 80202 |
| COUNTRY | United States |
Understanding SWIFT Codes
SWIFT codes are standardized bank identifiers used to facilitate international money and security transfers. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, which is the organization that oversees the allocation of unique identification codes to financial institutions around the world.
Structure and Components of a SWIFT Code
A SWIFT code consists of 8 or 11 alphanumeric characters, structured as follows:
- 4 letters – bank code
- 2 letters – country code
- 2 letters or digits – location code
- 3 letters or digits – branch code (optional)
The 4-letter bank code identifies the financial institution. The country code represents the country where the bank is located. The location code denotes the city/location of the bank, while the branch code specifies a particular branch of the bank.
Together, these components allow for the unique identification of sender and receiver banks in any cross-border payment transfer.
Breakdown of the SWIFT Code ADEIUS55
Now let’s examine the specifics of the code ADEIUS55:
Bank Details for ADEIUS55
Bank Name and Address
The 4-letter bank code “ADEI” identifies Advanced Energy Industries, Inc., located at:
1595 Wynkoop Street
Denver, CO 80202
United States
Bank Code
The bank code ADEI is reserved solely for Advanced Energy Industries, Inc. to facilitate automated transfers through the SWIFT network.
Location and Branch Details
Location Code
The 2-letter location code US signifies that this bank is located in the United States.
Branch Code
The 3-digit branch code 55 provides additional sub-identification of the exact branch of Advanced Energy Industries Inc. that holds the account tied to this SWIFT code.
Country and Money Transfer Details
Country Code
As mentioned earlier, US denotes the 2-letter country code for the United States.
Money Transfer Tips
When sending international wire transfers, double check that you have the correct SWIFT code to avoid misdirected payments.
Also consider using cost-efficient money transfer services like Wise to save on bank fees when sending funds overseas. Their exchange rates and transfer speeds can provide better value compared to banks.
Conclusion
SWIFT codes contain embedded details that facilitate cross-border payments between financial institutions. By breaking down the components of the code ADEIUS55, we can gather specifics on the bank name, location, country, and branch tied to international money transfers utilizing this code. Ensuring accuracy of SWIFT details goes a long way to avoiding costly transfer mistakes.
FAQs
What does the SWIFT code ADEIUS55 stand for?
ADEIUS55 is the SWIFT code for Advanced Energy Industries Inc’s bank branch located in the United States.
Who uses SWIFT codes?
SWIFT codes are primarily used by banks and financial institutions to send payment instructions for cross border money transfers.
Where do I find the SWIFT code for a bank?
The SWIFT code can typically be found on a bank’s website, statements, mobile apps, by contacting their customer service, or searching on SWIFT’s Bank & Institution search directory.
Can I make international transfers without a SWIFT code?
In most cases for bank wire transfers, an accurate SWIFT code is required to successfully route funds to overseas recipient banks. Other providers like Wise also facilitate international transfers without requiring SWIFT.
Which organization manages SWIFT codes?
SWIFT codes are standardized under SWIFT (Society for Worldwide Interbank Financial Telecommunication). They coordinate the allocation of unique SWIFT code identifiers to financial institutions globally.