The BIC (Business Identifier Code, also known as SWIFT code) is a unique international identification code for financial institutions. The BIC identifies a credit institution, whereas the IBAN identifies an account held with a bank. The BIC is the international counterpart e.g. of the Austrian bank code, the “Bankleitzahl.” Since February 1, 2016, customers are no longer obliged to state the BIC for cross-border payment transactions in Euro within the European Economic Area.

Structure of the BIC


The BICs consists of 8 or 11 alphanumeric characters.


Where do I find the BIC?

You will find your bank’s BIC on your account statements, bank or debit card, in the online banking platform of your bank or in the BIC Directory of SWIFT, the Society for Worldwide Interbank Financial Telecommunication.