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Is a bank's swift code the same as a bic code?
I'm expecting some tax back from Australia and the tax people there have asked for my swift and IBAN codes. My statement only seems to have a BIC and IBAN on it so I was just wondering if SWIFT and BIC were the same?
Thanks!

eash Fri 25/07/08 17:27

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khana
Fri 25/07/08
17:34

Yes, they are both exactly the same thing.

kempie
Fri 25/07/08
18:42

SWIFT is the Society for Worldwide Interbank Financial Telecommunication and is the designated registration authority for the assignment of BICs.

http://www.swift.com/biconline/index.cfm?fusea ction=display_aboutbic

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