BIC TO SWIFT CONVERTER REGISTRATION
BIC TO SWIFT CONVERTER CODE

BIC is also referred to as the SWIFT BIC, the BIC Code, the SWIFT Code, and/or the SWIFT Identifier.

BIC TO SWIFT CONVERTER CODE

The BIC code identifies the bank related to the account (IBAN).The SWIFT BIC is worldwide Business Identifier Code based on ISO 9362.Characters 9-11 – This is an optional code, identifying the Branch Code.

BIC TO SWIFT CONVERTER REGISTRATION

Characters 7-8 – Refer to a Location Code assigned by the Registration Authority.Characters 5-6 – Indicate the Country Code (as per ISO 3166).Characters 1-4 – Identify the Bank Code.The BIC code consists of either 8 or 11 characters:.A BIC code is a way of internationally referring to financial institutions.SWIFT BIC Code refers to the SWIFT Bank Identifier Code.

We cannot speak about the IBAN number without referring to the BIC Code…. You should understand that IBAN is not a new bank account number, it is simply a way of internationally recognising your existing bank account based on ISO 13616.Up to 30 alphanumeric characters, which consist of the BBAN.2 check digits – numbers between 02 and 98 – calculated using MOD97-10 - basically a calculation/algorithm used to check the validity of the IBAN.IBAN is the ISO 13616 international standard for numbering bank accounts.The IBAN is a way of showing your existing bank account details in an internationally recognised and standardised format.Your existing bank details are made up of a bank code (or perhaps you call it the transit code or sort code.) and a bank account number – lets refer to the existing / legacy / ‘old’ bank details as the BBAN details.IBAN is the International Bank Account Number.If there is one thing that is critical leading up to, during and after your SEPA implementation – it is the IBAN / BIC information. Granted it is a little late in the day to start writing about the IBAN number and SWIFT BIC code. But there will be many SEPA implementations happening over the coming months, and so with that in mind I felt it was important to have a summary guide outlining what the IBAN number is, how it relates to SEPA, and some notes about the conversion from the legacy BBAN (Basic Bank Account Number) to IBAN.įirstly, we must acknowledge that the IBAN / BIC information are critical components of every SEPA Credit Transfer and SEPA Direct Debit implementation.

Bic to swift converter