Bank Code Finding Bank Code 3

Question 1

What does the abbreviation 'BIC' stand for?

Accepted Answer

Bank Identifier Code

Answer

Branch Internal Code

Answer

Banking Information Center

Answer

Basic Interchange Code

Question 2

In a SWIFT code, what do the first four characters represent?

Accepted Answer

The bank or institution

Answer

The country

Answer

The branch

Answer

The currency

Question 3

In a SWIFT code, which characters indicate the country?

Accepted Answer

Characters 5 and 6

Answer

The first two

Answer

The last three

Answer

Characters 7 and 8

Question 4

Which document is the most reliable place to find both routing and account numbers?

Accepted Answer

A monthly bank statement or voided check

Answer

A marketing brochure

Answer

A credit card

Answer

A utility bill

Question 5

What is the equivalent of a routing number used across Europe for transfers?

Accepted Answer

IBAN

Answer

Answer

ISBN

Answer

EORI

Question 6

If your debit card has no routing number printed on it, where should you look instead?

Accepted Answer

Your check, bank app, or statement

Answer

The card's expiration date

Answer

The card's CVV

Answer

The card network logo

Question 7

What kind of characters are valid in a SWIFT/BIC code?

Accepted Answer

Letters and numbers (alphanumeric)

Answer

Only numbers

Answer

Letters only

Answer

Symbols and letters