- BIC, 8 characters
- GROIMTM1
- BIC, 11 characters
- GROIMTM1XXX
- Country
- Malta
- Address
- Middle Sea House Floriana Vlt 16 Malta
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How GROIMTM1 is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | GROI Bank code |
| 5–6 | 2 | MT Country |
| 7–8 | 2 | M1 Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other SWIFT codes in Malta
How to use GROIMTM1 for a transfer
Give the sender two things: the BIC GROIMTM1 (or GROIMTM1XXX if the form asks for 11 characters) and your account number at Growth Investments Limited. In Malta the account number is the IBAN, 31 characters starting with MT. Check both on your bank statement before sending a large amount: a wrong code delays the transfer or sends it back with fees.
The BIC (Business Identifier Code), commonly called SWIFT code, identifies a bank or institution in international payments. It has 8 or 11 characters: 4 letters for the institution, 2 for the country, 2 for the location, and an optional 3 for the branch. XXX, or no branch code at all, means the head office.
Questions
What is the SWIFT code of Growth Investments Limited?
The SWIFT/BIC code of Growth Investments Limited is GROIMTM1. In the 11-character form it is GROIMTM1XXX, where XXX stands for the head office.
Is GROIMTM1 a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. GROIMTM1 is the same code under either name.
Do I also need the IBAN to receive money at Growth Investments Limited?
Malta uses the IBAN: the account number to give with the BIC is the IBAN, 31 characters long and starting with MT. See the IBAN format of Malta.
Can I receive international transfers with iSwiss Pay?
Yes. The iSwiss Pay euro, US dollar and pound accounts each come with their own coordinates, including the BIC where applicable, and receive SWIFT and local transfers.
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