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What is a BIC?

BIC
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What is a BIC?

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A BIC is an acronym, which stands for Bank Identifier Code. It can be used to identify your bank, when receiving payments. You may already quote your BIC on your invoices or payments to your account.

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BIC stands for Bank Identifier Code. It is an alphanumeric code used to identify precisely the financial institutions involved in financial transactions. A BIC may also be known as BC (Bank Code), CHIPS (Clearing House Inter-Bank Payment System) or a NCC (National Clearing Code). To validate and confirm a Bank Identifier Code, please visit the SWIFT Publication Portal at http://www.swift.com/biconline.

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