Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Mira Norian The term bank identification number (BIN) refers to the first ...

Using an IBAN to y ensures it ends up safely in the right account. A SWIFT code, or a Bank Identifier Code (BIC), is a unique identification code used to identify a particular bank during ...

Banks often use the bank identifier code (BIC) instead of the SWIFT code. However, the two are easily interchangeable; both contain a mix of letters and numbers and are generally between eight and ...