What are BIC/ SWIFT codes, how do you find them, and how do they work?

Not sure where to find this key ingredient to an international money transfer? Our guide will let you know about SWIFT and BIC codes inside and out.Xe ConsumerNovember 16, 2020 — 7 min readShare on FacebookShare on TwitterShare on LinkedInShare on InstagramTo send or receive money internationally, your bank or any other financial institution must know where to send the money - but how do they know? Make way, for this is where a BIC/ SWIFT code comes into the scene!If you’ve ever initiated a money transfer with Xe or read our guide to sending money, you might’ve seen that you’ll need a BIC or SWIFT code. But what is that, and where would you find it?Starting from what a SWIFT/ BIC code is and why you need it to how you can find it easily and use it for transferring money globally, our guide will let you know everything about this code inside out. Ready, get set, go!What is a BIC or SWIFT Code?BIC stands for Bank Identifier Code, and SWIFT stands for the Society for Worldwide Interbank F...