What is a SWIFT/BIC code? SWIFT stands for “Society for Worldwide Interbank Financial Telecommunication”. It’s a decades-old financial network set up to make it easier to transfer money around the globe between member banks. SWIFT isn't owned by any one entity, but is run as a coopera...
A SWIFT code is a series of letters and numbers that identifies a specific bank when making international money transfers via the SWIFT network. “SWIFT code”, “SWIFT ID” or “BIC (Banking Identifier Code)” refer to the same thing and are often used as interchangeable terms. In this ar...
The BIC code and SWIFT code, which can also be called SWIFT number, are the same international bank identification code asked for when making international money transfers. The SWIFT code consists of a bank code that is a series of letters, a country code, a location code, and the code of...
We explain what a BIC/SWIFT code is, what you need it for and where you can find it, so you can make your international payments with ease
What is a BIC number and why do I need it? Is a BIC the same as a SWIFT? What is a BIC, what does it look like, and where do I find it? In this blog post, we answer all of your questions about BIC. BIC Number Meaning ...
Is the BIC/SWIFT code the same as the IBAN? With a name like IBAN — which stands for International Bank Account Number — it’s easy to confuse it with the BIC/SWIFT codes. After all, they’re both international codes, right?
And for the grand finale: What is a “SWIFT” code? You’ve made it to the end of the list. Proud of you darlings. A SWIFT, AKA a “Society for Worldwide Interbank Financial Telecommunication” (say that then times, I dare you). A SWIFT network is used when banks send payments to...
You can think of this as a routing number for reaching banks internationally. A SWIFT code might also be called a Business Identifier Code (BIC). Here’s what a SWIFT code is, when you’ll need one and where to go to find it. What a SWIFT code is A SWIFT code, made up of eight...
What is a SWIFT Code or BIC Code? A SWIFT code, also known as a Society for Worldwide Interbank Financial Telecommunication Code, is a unique identifier used by banks and financial institutions globally to facilitate international transactions. This code ensures that money sent from one bank to ...
What is a Swift code, what’s it used for and how can you find it? Our FAQ guide covers everything you need to know about SWIFT codes.