BIC is a code that identifies the bank. It allows fast┬á identification a banking institution in the case of international transfers, in order to make efficient ┬áand reliable money transfers. It consists of 8 letters, for each bank is unchanging, unique and transparent. We type it before account number. As the exchange rates often require sending money transfers abroad, BIC will often be needed. Mostly you can find it on the website of the bank or account details in the transaction service. For example: BIC for mBank is BREXPLPW.