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swift number = bic number?

  • 04-11-2010 03:26PM
    #1
    pwd
    Closed Accounts Posts: 5,284 ✭✭✭


    I need to provide a SWIFT number for my bank.
    I was told my bank has no SWIFT number, and that it must be the same thing as the bic number.

    Is that correct?

    Doing a quick internet search says yes they are different words for the same thing.


Comments

  • #2
    pjmn
    Registered Users, Registered Users 2 Posts: 1,111 ✭✭✭pjmn


    They are one and the same....


  • #3
    jor el
    Closed Accounts Posts: 16,713 ✭✭✭✭jor el


    I thought it was that BIC replaced Swift. So if you provide the correct BIC code, everything should be OK.


  • #4
    Xavi6
    Registered Users, Registered Users 2 Posts: 41,092 ✭✭✭✭Xavi6


    SWIFT codes are still used by banks in other countries so be mindful of that if you're ever transferring overseas.


  • #5
    Blackjack
    Registered Users, Registered Users 2, Paid Member Posts: 3,675 ✭✭✭Blackjack


    SWIFT - Society for Worldwide Interbank Financial Telecommunication

    BIC - Bank Identifier Code.

    The are indeed one and the same, they are used by foreign banks and Irish Banks, and you don't need to be mindful of there being any difference, because there is no difference....

    If you want to check one, check here.


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