Frequently Asked Questions 1. SWIFT is the process the Commonwealth Bank uses to send money overseas (similar to BPay used for domestic payments) and a BIC is the code that the SWIFT system uses to identify banks worldwide. Not having it handy meant the funds transfer was delayed. BIC2 constitutes the result of a full and thorough review of the BIC scheme, carried out in accordance with clearly defined aims and principles, which has produced some significant changes and advances.

CountryCityBank NameBranchSWIFT
United Kingdom London MCO Limited MCO Limited MCOMGB21XXX
 
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