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BIC is the acronym for Bank Identifier Code, and is also known by the names SWIFT-BIC of SWIFT code. It is the unique code to identify a particular bank, including country and geographic location - it is a uniform identification approved by the International Organization for Standardization (ISO). BIC is used for international wire transfers, in combination with the IBAN, as well as money transfers between banks. You can usually find this number on your monthly account statements, or you need to contact your local bank branch.