Video · BIC

How to read a BIC, in 48 seconds

The four parts of a Business Identifier Code, worked through on Deutsche Bank’s head-office BIC, DEUTDEFFXXX. No sound: the text is on screen and in the transcript below. The facts are those of the BIC guide, reviewed 31 October 2026. Download the video (MP4, 3.4 MB).

In this video

  1. What a BIC is
  2. Characters 1–4: the institution
  3. Characters 5–6: the country
  4. Characters 7–8: the location
  5. The eighth character: the connection type
  6. Characters 9–11: the branch
  7. Part by part
  8. What a BIC does not tell you
  9. Look up a BIC

Transcript

The video has no voice-over. This is the text it shows, chapter by chapter.

0:00 · What a BIC is
How to read a BIC: the code people call a “SWIFT code”, in eight or eleven characters. The example is DEUTDEFFXXX, the BIC of Deutsche Bank AG’s head office in Frankfurt am Main. A BIC has 8 or 11 characters, defined by ISO 9362. Swift issues and publishes them.
0:09 · Characters 1–4: the institution
DEUT, characters 1–4: the institution, usually an abbreviation of its name.
0:13 · Characters 5–6: the country
DE, characters 5–6: its country or territory, as an ISO 3166-1 code. DE is Germany.
0:17 · Characters 7–8: the location
FF, characters 7–8: a location within the country. The eighth character also gives the connection type.
0:21 · The eighth character: the connection type
Character 8 gives the connection type: 0 test and training, 1 passive participant, 2 reverse billing. Any other character means the institution is connected to Swift. Here the eighth character is F: connected to Swift.
0:28 · Characters 9–11: the branch
XXX, characters 9–11, optional: a branch or department. “XXX”, or no branch code at all, means the head office.
0:32 · Part by part
Read from left to right: DEUT institution, DE country, FF location, XXX branch.
0:36 · What a BIC does not tell you
What a BIC does not tell you. Which account: an IBAN or an account number identifies it. Whether the institution is licensed: the regulator’s register is the authority. Whether a counterparty is safe to deal with: a BIC identifies; it does not assess.
0:43 · Look up a BIC
Look up any BIC at elucidate.co/directory. The full guide is at elucidate.co/guides/swift-bic-code.

Look up a BIC. The directory shows the legal entity, LEI, branch codes and connection type for every BIC in Swift’s directory.

Search BICs

Sources

FinCrime Index

Assess the financial crime risk behind a counterparty

A BIC, an LEI or a licence identifies an institution. It does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment firms. Ask what it covers for the counterparties you deal with.