What does a bank identification code mean?

Written by Editorial Team | Last Updated: August 2026

A Bank Identification Code (BIC), universally identical to a SWIFT code, is a unique international alphanumeric identifier used to recognize a specific bank and its branch during global financial transactions and cross-border wire transfers. The code consists of eight to eleven characters containing bank identifiers, country codes, location codes, and optional branch codes, ensuring that funds transferred internationally are routed securely and accurately between institutions.

Related FAQs

As one of the largest state-owned commercial banking institutions globally, the Agricultural Bank of China provides a comprehensive portfolio of financial products tailored to individual, corporate, and rural institutional clients.

The primary head office SWIFT/BIC code for the Agricultural Bank of China is ABOCCNBJXXX (commonly cited in its standard 8-character format as ABOCCNBJ).

Confirming the status, execution, and receipt of an international wire transfer sent via the SWIFT network involves tracking unique transaction reference numbers and communicating with your bank.

The acquisition of the U.S.-based Air Lease Corporation was finalized on April 8, 2026.

Agricultural Bank of China is firmly classified as a majority state-owned enterprise and forms an essential pillar of the nation's premier banking institutions, often referenced among the elite Big Four state-owned commercial banks.

In the Chinese language, a bank account number is formally referred to as "银行账号" (pronounced yínháng zhànghào).

Traditional Chinese culture, agriculture, and historical cuisine recognize five foundational cereal crops known collectively as the five sacred grains that sustained ancient civilizations.

Agricultural Bank of China, one of the major state-owned commercial lenders in the country, trades on major Asian exchanges such as the Hong Kong Stock Exchange and Shanghai Stock Exchange.

Agriculture in China serves as a foundational pillar of the national economy, supporting a massive rural population while feeding nearly twenty percent of the global population on a limited share of the world's arable land.

Yes, the Bank of China is a major multinational financial services corporation that is undeniably a Chinese company, holding status as one of the four largest state-owned commercial banks in the People's Republic of China.