Is Swift BIC the same as swift code?

Source: Internet
Author: User

 Does Swift Bic have the same difference as swift code?

From the name of the two is only the difference between BIC and code. Swift code is the meaning of "Bank identification Code", which is ISO 9362, which is often also called swift-bic or BIC code or Swift ID.

It is easy to see from the meaning of swift code that swift BIC and SWIFT code are the same, but they are called different. The SWIFT address is a 8-or 11-bit string that is an international identification number for a bank. The swift address is also known as the BIC, the Chinese meaning of the bank identification number, which is the equivalent of each bank's identity card, mainly used to distinguish between different financial institutions, as a bank telegraphic transfer or remittance of the bank code.

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