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2 years ago
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SWIFT Membership – Connected BIC

Banking & Clearing
Other Fintech

SWIFT BIC code procedure – explained

  • o Ordering a connected BIC code
  • o Filling in all of the KYC forms
  • o Registration with SWIFT

1. Registration process:

a. Registration including filling in all of the KYC and technical forms approx. 10-15 days

b. Onboarding process by SWIFT approx. 72 hours

c. Approval takes approx. 25 days

d. SWIFT configuration process approx. 5 days

e. Installing SWIFT cloud based connectivity

2. BIC ACTIVATED

Estimated time frame: approx. (2.5 months – 3 months)

Cost: 27 500 EUR

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