FIRST BANK

The President, Directors and Company of the Bank of the United States, commonly known as the First Bank of the United States, was a national bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed the Bank of North America, the nation's first de facto national bank. However, neither served the functions of a modern central bank: They did not set monetary policy, regulate private banks, hold their excess reserves, or act as a lender of last resort.[1] They were national insofar as they were allowed to have branches in multiple states and lend money to the US government. Other banks in the US were each chartered by, and only allowed to have branches in, a single state.

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FIRST BANK SWIFT Code

Country

City

Bank or Institution

SWIFT Code

Romania

BUCHAREST

PIRBROBU

Romania

BUCHAREST

PIRBROBUXXX

Total: 2
1

About FIRST BANK

Company type
Public–private partnership
Industry
Banking
Founded
1791
Headquarters
Philadelphia , Pennsylvania , U.S.
Key people
Alexander Hamilton (proposal) Thomas Willing (president 1791–1807) George Washington

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.

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Frequently Asked Questions

1. Why does FIRST BANK have different SWIFT Codes?

FIRST BANK operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process FIRST BANK's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of FIRST BANK to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of FIRST BANK, you can log on to the official website of FIRST BANK, or search the current page of XTransfer, or call FIRST BANK to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like FIRST BANK?

Usually, SWIFT Code consists of 8 or 11 characters. For FIRST BANK, the first 4 digits represent the bank code, which is the same for FIRST BANK worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for FIRST BANK be updated or changed?

Yes. When FIRST BANK undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where FIRST BANK is located, its SWIFT Code may be updated and changed. FIRST BANK will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of FIRST BANK in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of FIRST BANK support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of FIRST BANK supports the corresponding business.