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BIC/Swift Code
What Is BIC Validation?.
A Bank Identifier Code (BIC) is the standard way to identify a specific bank � and often a particular branch � in cross-border financial transactions. When you run a BIC validation, IbanVerify confirms that the code you�ve entered actually exists in our global directory, follows the correct structure, and points to a real institution.
Difference between BIC and SWIFT Codes.
Where Can I Use BIC?
BIC/SWIFT codes are used in over 200 countries, from the European Union and the United Kingdom to Australia, Hong?Kong, the United States, and beyond.
How a SWIFT/BIC Code Is Structured
A standard SWIFT or BIC code is made up of either 8 or 11 characters. Each part of the code gives specific information about the bank and sometimes the exact branch.
Here�s how it works:
-
Bank Code (4 letters) -
The first four letters identify the bank itself. This is usually a short version of the bank�s official name.
Example: DEUT = Deutsche Bank -
Country Code (2 letters) -
The next two letters indicate the country in which the bank is located.
Example: DE = Germany -
Location Code (2 letters or numbers) -
These two characters pinpoint the location of the bank�s main office or regional center.
Example: FF = Frankfurt -
Branch Code (3 letters or numbers) -
The final three characters are optional. They indicate a specific branch. If it�s the main head office, this part is often written as XXX.
Example: 500 = A specific Deutsche Bank branch in Frankfurt
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DEUT
Bank Code -
DE
Country Code -
FF
Location Code -
500
Branch Code
Take DEUTDEFF500 as an example. This SWIFT/BIC code tells our system to validate that you�re sending funds to Deutsche Bank in Frankfurt, branch number 500.
Questions & Answers
BIC and SWIFT codes are the same thing. SWIFT refers to the network, while BIC is the formal ISO standard designation for these bank identifier codes.
Our BIC validation uses the most up-to-date global bank directory, ensuring 99.9% accuracy in real-time verification.
Yes, with our API you can validate multiple BIC codes in batch. Contact us for bulk validation options.
Absolutely. We use industry-standard encryption and don't store any validation data. Your information is processed securely and discarded immediately.
Yes, our service supports BIC/SWIFT codes from over 200 countries and territories worldwide.
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