Bank Account Bic Code. SWIFT and BIC codes are used all over the world to identify bank branches. Your International Bank Account Number (IBAN) and Bank Identifier Code (BIC) are your account number and sort code written in a standard, internationally recognised format.
BIC, SWIFT-BIC, BIC, SWIFT ID or SWIFT code - they all mean the same thing and are an international standard format used on payments.
Anyone who wants to transfer money internationally usually needs to use an IBAN.
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BIC refers to Bank Identification Code, also known as SWIFT code, which is a code that both financial and non-financial institutions use. When you make an international payment, depending on the destination country, you may be asked for an IBAN (International Bank Account Number), Clearing Code, or SWIFT BIC Code. To get this information, contact the overseas party you are sending the payment to.
