Code What is a Bank Cot Code? - Answers Standards in the areas of data, fiscal transparency, and monetary and financial policy transparency have been … Reserve Bank of India [RBI] - cot code - ComplaintsBoard.com You have Initiated a wire transfer for an amount that requires you to provide a [CODE]. Most people hate paying fees – me included! SWIFT codes play an important role in bank transactions, especially overseas transactions. COT code refers to cost of transfer for a bank to transfer funds from one account to another. 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 transfer What is a C.O.T. code? - WalletHub Copy. It is important to note that when transferring … COT code 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.

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