How to Make International Transfers With BIC & SWIFT Codes
If you want to send money internationally, a BIC/SWIFT code is required to get your money to the right place. This short video will walk you through the details you need to use and locate a BIC/SWIFT code, correctly.
If you’ve ever made an international bank transfer, you’ve likely been asked for a BIC or SWIFT code, sometimes without much explanation.
In this episode, Popo, Senior Payments Specialist at Statrys, explains what BIC and SWIFT codes are, how they relate to each other, and how they are used to route international payments between banks. She walks through the structure of a SWIFT code, where to find the correct one, and why using the right details matters when sending money overseas.
Key Takeaways
- What BIC and SWIFT codes are and why they exist
- The relationship between SWIFT as a global network and BIC as a bank identifier
- When SWIFT or BIC codes are required for international transfers
- How SWIFT differs from local systems like IBAN or ACH
- How to read an 8- or 11-character SWIFT code and what each part means
- Where to find the correct SWIFT or BIC code and why accuracy matters
- How licensed payment providers like Statrys use the SWIFT network for international transfers
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