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. IBAN, BIC and SWIFT explained
In brief: SWIFT bank transfers are available worldwide; SWIFT codes are similar to BIC. But if your asking customers to pay you via bank transfer they may request it.
You can find bank payment codes or Bank Identifier Codes in the SWIFT BIC online database of worldwide banks using the form below:Unlike the modern IBAN, the telex-era SWIFT (or BIC as it is now known) does not include a check sum for automatic validation. Swift is owned by the network's members. The BIC is required to be included in all messages between the banks using the Swift network.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Australia | Sydney | Plato Investment Management Limited | Plato Investment Management Limited | PLIMAU21XXX |