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What's the difference between SWIFT codes and BIC codes?

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SWIFT and BIC codes are essentially the same. Both identify banks for secure international transactions. While "SWIFT code" is widely used, "BIC" is the official term financial institutions use. Both ensure your money reaches the correct destination safely.

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Do I need a SWIFT code to send money internationally?

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No, SWIFT codes aren’t the same for all bank branches. Each branch usually has its own unique code to make sure your money gets to the right place. Using the correct SWIFT code for the specific branch you’re sending money to is important.

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SWIFT code	MLPFUS31XXX
SWIFT code (8 chr)	MLPFUS31
Bank name	MERRILL LYNCH, PIERCE, FENNER AND SMITH INCORPORATED
Bank address	WORLD FINANCIAL CENTER, 250 VESEY STREET, NEW YORK NY 10080, US
Branch code	XXX
City	NEW YORK
Country	United States

MERRILL LYNCH, PIERCE, FENNER AND SMITH INCORPORATED SWIFT code in the United States

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What is the SWIFT code for MERRILL LYNCH, PIERCE, FENNER AND SMITH INCORPORATED?

Example SWIFT code format

MLPF

US

31

XXX

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