Cryptocurrency Q&A
What does BIC mean in banking?
What does BIC mean in banking?
Stefano
Tue Oct 29 2024
|
7 answers
1251
I'm trying to understand the meaning of BIC in the context of banking. Could someone explain what it stands for and its significance in the banking industry?
7 answers
Sara
Thu Oct 31 2024
BIC represents the Business Identifier Code.
Was this helpful?
186
83
HallyuHeroLegend
Thu Oct 31 2024
It was previously known as a Bank Identification Code or Bank Identifier Code.
Was this helpful?
208
63
Bianca
Thu Oct 31 2024
This code serves as a unique identifier for banks and financial institutions.
Was this helpful?
106
42
SumoPower
Wed Oct 30 2024
It consists of either 8 or 11 alphanumeric characters.
Was this helpful?
137
57
KpopStarlight
Wed Oct 30 2024
The BIC is used globally to facilitate financial transactions.
Was this helpful?
248
96
Load 5 more related questions
