It then sends a SWIFT message to the receiving bank, using its own SWIFT or BIC code to identify itself and request the receiving bank to accept the transfer.

Alternatively, you can ask your bank if they will provide you with the BIC code for the bank to which you are sending money. What do the numbers and letters on a BIC code mean? A BIC code consists ...

Irish exporters are set to benefit from the introduction of new pan-European banking codes, the Irish Exporter's Association (IEA) will announce today. From January 1st, 2007, all Irish business ...