What Does SWIFT/BIC Code Mean?
A SWIFT/BIC code is a unique identifier code for banks and financial institutions globally. It helps them communicate securely and quickly when they need to send money to each other. If you’re sending or receiving money internationally between banks, particularly for international transfers or SEPA payments, you may be asked for a SWIFT code.
A SWIFT code is a combination of capital letters and numbers that make between 8 and 11 digits that identifies the country, city, bank, and branch.