BIC stands for Bank Identifier Code, and SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications. Sometimes, people use the terms “BIC” and “SWIFT” interchangeably. A SWIFT code or SWIFT ID typically identifies banks and other financial institutions worldwide, for international transactions.

Does SWIFT code change from branch to branch?

Yes you can provide the SWIFT code of another branch or of Head Office of your bank but clearly mentioning your Account Number. On receipt of SWIFT transfer the other branch or Head Office of the bank will be crediting your bank account.

What is the BIC / SWIFT code for Bank of China?

BIC / Swift Code BKCHCNBJ44W is the unique bank identifier for BANK OF CHINA ‘s branch located in DONGGUAN – CHINA and it’s used to verify financial transactions such as a bank wire transfers (international wire transfers). The bic / swift code provides information about the bank and branch where the money should be transferred.

What does b.i.c.stand for in Swift?

Most people think B.I.C. stands for “Bank Identifier Codes” (“bank” instead of “business”) but that is incorrect since non-financial institutions can also join the swift network.

Is the SWIFT code the same for all branches?

Both represent a sequence of either 8 or 11 digits which include a bank code, a country code, a location code, and a branch code — all of which are combined to identify an individual bank branch. Is a SWIFT code the same for all branches?

Where can I find the BIC code for a bank?

It is a simple process. You just need to add the bank’s name and you will be provided with all the information about that bank that is available in our database. SWIFT Code or BIC code are part of ISO 9362 standards. It is a standard format of Business Identifier Codes (BIC). BIC sometimes also refers to Bank Identifier Code.