When you send or receive money internationally, you're often asked to provide a BIC or SWIFT code.

• •BIC stands for Bank Identifier Code—a unique code that identifies a specific bank worldwide.
• •SWIFT is the name of the international payment network where the code is used—hence the combined term BIC/SWIFT code.

The code typically consists of 8 or 11 characters (letters and digits) and ensures the funds reach the correct bank in an international transfer.

You need a BIC/SWIFT code when:

• •You're receiving money from an overseas sender.
• •You're sending money to an account abroad.

For payments within Denmark (and often within the EU in euros via SEPA transfers), you usually only need the IBAN. For international payments outside the EU or in other currencies, a BIC/SWIFT code is required.

How to check a BIC/SWIFT code

It's a good idea to double-check a BIC/SWIFT code before sending money abroad to ensure the payment reaches the right bank and country.

You can test a code for free here:

• •Bank.Codes SWIFT Checker – enter a code to see the bank name, country, and branch.
• •IBAN.com BIC Search – look up details about the bank behind the code.

What happens if a SWIFT code is incorrect?

• •The bank may reject the payment and return the funds to the sender.
• •In some cases the transfer may be delayed because it must be rerouted.
• •Additional fees may apply if the payment has to be returned or corrected.

We therefore recommend always checking the code before completing an international payment.