Question 1

Do you still need a BIC?

Accepted Answer

Inside SEPA, most euro transfers no longer require one: the IBAN alone is enough. You will still be asked for a BIC on many international transfers, older payment forms and some payroll or invoicing systems.

Question 2

BIC or SWIFT code?

Accepted Answer

The same thing. BIC is the official name (Business Identifier Code, ISO 9362); SWIFT is the organisation that issues them, so the code is often called a SWIFT code.

Question 3

Why can’t a BIC be calculated from an IBAN?

Accepted Answer

An IBAN contains a national bank identifier, not the BIC. The two are linked by directories that each country’s central bank or payments body maintains, which is what this tool looks up.

Identifier	Primary BIC	Branch BICs	Status
38043	RZSTAT2G487	— none published	Current
38053	RZSTAT2G487	— none published	Current
38211	RZSTAT2G487	— none published	Current
38235	RZSTAT2G487	— none published	Current
38375	RZSTAT2G487	— none published	Current
38487	RZSTAT2G487	— none published	Current

Raiffeisenbank Weststeiermark eGen

BIC / SWIFT codes · 1

Bank identifiers in Austria IBANs · 6