What is a BIC?

 

BIC stands for Bank Identification Code.  There are many types of BICs but the most common are SWIFT, ABA, and CC.

  • SWIFT is an internationally used BIC.
  • ABA is for banks domiciled in the USA.
  • CC is for banks domiciled in Canada.

 

SWIFT is the most commonly used BIC around the world, including Canada and the United States of America.

 

 

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