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.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| United Kingdom | London | MCO Limited | MCO Limited | MCOMGB21XXX |