What is a Bank Identifier Code (BIC), SWIFT, SORT and BSB?

What is a Bank Identifier Code (BIC), SWIFT Code, SORT Code and BSB?

Bank Identifier Codes (BIC) is the unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international telegraphic transfers. There are different types of BIC formats, for example, Swift Code and SORT Code.

Example of BIC codes used in different countries include:

Remit Currency	Destination Country	Bank Identifier Codes (BIC) Used	Length
AUD	Australia	BSB No	6
AUD	Others	SWIFT Code	8 to 11
CND	Canada	Transit Number	5
GBP	United Kingdom	SORT Code	6
GBP	Others	SWIFT Code	8 to 11
USD	United States of America	ABA Routing Transit Number	9
USD	Others	SWIFT Code	8 to 11
EUR	All	SWIFT Code	8 to 11
INR	India	IFSC Code	11
INR	Others	SWIFT Code	8 to 11
Others	Others	SWIFT Code	8 to 11

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What is a Bank Identifier Code (BIC), SWIFT Code, SORT Code and BSB?

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What is a Bank Identifier Code (BIC), SWIFT Code, SORT Code and BSB?

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