Another number in international banking that commonly gets confused with IBAN codes is a SWIFT code. The SWIFT code essentially makes it easier for the foreign bank to recognize which bank you leverage meaning in forex trading using.
SWIFT codes usually are between 8 and 11 characters in length. The length will depend on the individual bank that you are working with. Let’s take the example of Barclays in the UK. The first four characters typically denote the bank code.