What Is Bic Bank Identifier Code. It is a unique identification code for both financial and non-financial institutions. It's also known as a Bank Identifier Code (BIC).
These codes are used when transferring money between banks, particularly for international wire transfers.
BIC means Bank Identification Code, or Bank Identifier Code.
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BIC - Bank Identifier Code
What does a SWIFT/BIC look like? BIC until recently referred to the Bank Identifier Code, a unique code specifying a bank, and optionally a branch. The SWIFT Codes are a standard format for Bank Identifier Codes (BICs) used to identify banks and other financial and non-financial institutions around the world.
