answersLogoWhite

0


Best Answer

A BIC (Bank Identification Code) is an identifier that is assigned to all SWIFT FIN-connected financial institutions. It can also be used to identify other financial institutions, not connected to the SWIFT FIN network. When assigned to a non-financial institution the code is called a BEI (Business Entity Identifier). Like a financial institution BIC, a non-financial institution BEI can be connected to the SWIFT FIN network or not.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is difference between BIC and BEI in swift?
Write your answer...
Submit
Still have questions?
magnify glass
imp