You wish to send money to some person overseas, withdraw money from any payment portal or making purchase payment via online banking. If the 11-digit SWIFT Code is available, you can also use it. The BIC is required to be included in all messages between the banks using the Swift network. This is going to be a real hassle to start your car or jump on your scooter to go to the nearest bank and once you got there, you find yourself standing in a very long queue. Institutions send each other messages over the network to confirm trades or to expect a wire transfer as examples.

CountryCityBank NameBranchSWIFT
United Kingdom London FTC London UK Limited FTC London UK Limited WICNGB21XXX
 
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