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What is a BIC/SWIFT Code?

A SWIFT code or SWIFTBIC, as it is sometimes written is a bank identifier code. 

The BIC (Business Identifier Code), is unique to each bank and is used for the identification purposes for international transfers. It can be found on the banks’ website or on your personal bank statement. You can also contact your bank’s customer service and ask them for the SWIFT code.

  • Unique identification code for a particular bank/branch.
  • Found on your bank statement, via internet banking, or by contacting your bank.
  • Consists of 8 or 11 characters.

An IBAN and SWIFTBIC is required on all international payments to and from Europe. You will typically find this number printed on your bank statement.

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