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What is BIC / SWIFT?

April 26, 2017BIC Swift

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What is BIC / SWIFT?

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To transfer money to your bank account, we need to know your IBAN (International Bank Account Number) and BIC (Bank Identification Code). The latter is also known as SWIFT address of the bank. BIC / SWIFT is 8-letter code that identifies the bank, and it looks like DABADKKK or HABALV22. You can find your bank’s BIC / SWIFT from their homepage or your online banking account, or you can ask it from the bank’s customer hotline.