BizSugar.com › Finance › All About The SWIFT, BIC, IBAN, Routing Numbers or Sort Codes

If you ever made a money transfer, you have most likely came across the SWIFT Code, BIC, IBAN, Routing Numbers, or Sort Codes terms. What exactly are these acronyms, and what are they used for? In this article, we will explain why the banking industry relies heavily on these codes for their day to day transactions.