What Is A Bank Bic Number. Two numbers that are a control key. SWIFT owns and administers the BIC system.
What is a BIC/ SWIFT code?
These codes are used when transferring money between banks, particularly for international telegraphic transfers.
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The two are used interchangeably and are therefore often referred to as Anyone who wants to transfer money internationally usually needs to use an IBAN number and SWIFT/BIC code to do so, because this is. In its original incarnations, BIC stood for "Bank Identifier Code" and was meant as an address for serving SWIFT messages between banks. Find out what all these confusing terms actually mean (and impress An IBAN is an International Bank Account Number.
