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BIC (SWIFT)
ISO 9362 (also
known as SWIFT-BIC, BIC code,
SWIFT ID or SWIFT code) is
a standard format of Bank Identifier
Codes approved by the International
Organization for Standardization (ISO).
It is the unique identification code of
a particular bank. These codes are used
when transferring money between banks,
particularly for international wire
transfers, and also for the exchange of
other messages between banks. The codes
can sometimes be found on account
statements.
SWIFT Standards, a
division of The Society
for Worldwide Interbank
Financial
Telecommunication
(SWIFT), handles the
registration of these
codes. For this reason,
Bank Identifier Codes
(BICs) are often called
SWIFT addresses or
codes.
There are over 7,500 "live" codes (for partners actively connected to the BIC network) and an estimated 10,000 additional BIC codes which can be used for manual transactions.
The
SWIFT
code is
8 or 11
characters,
made up
of:
Where an 8-digit code is given, it may be assumed that it refers to the primary office.
RELATED :
Search SWIFT codes by country name
Search SWIFT codes
by bank name
What is an International Payment?
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