International bank money transfers use either an IBAN or the current ISO 9362 Bank Identifier Code system (BIC or SWIFT code) in conjunction with the BBAN. They do not use a COT code. If you are trying to transfer from an account that you did not open yourself but someone you do not know advised you that you can have, it most probably is not valid. COT You can also check 4D Bank. Transfer Code There is NO "C.O.T. There is no such thing as a "COT code", but the term is sometimes used as one of the steps in an advance fee scam. The victim is told that before they can receive a wire transfer of the large amount they've been promised they need to pay to have a "COT code" (which ostensibly stands for Cost Of Transfer) issued. transfer code A Cost of Transfer is allegedly needed to complete international wire transfers. Banker Store View All. Finally, the destination bank will often charge an incoming wire fee to deposit money in the recipient’s account. How to make an international bank transfer. What is a Bank Cot Code? - Answers BOFAUS6S for incoming wires in a foreign currency. Most people hate paying fees – me included! Schlage … How to find C.O.T code for a UK money transfer? - JustAnswer

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