BIC bank identification code (also known as SWIFT). SWIFT code (referred to as bank international code for short) is generally used for power generation, remittance and letter of credit telegrams, which are available in every bank and used to quickly handle telegrams between banks.

SWIFT is the abbreviation of Global Banking Financial Telecommunication Association.

All member banks of the Association have their own SWIFT codes, namely SWIFT codes.

In wire transfer, the remitting bank can send a payment message according to the SWIFT code of the receiving bank, and then remit the money to the receiving bank. This number is equivalent to the ID number of each bank.

International remittance banks need to fill in the following information:

Name of beneficiary.

Beneficiary's address

Beneficiary's bank identification code (BIC) or routing code.

Payee's international bank account number (IBAN) or account number.