Why do I need swift code?

The swift code is usually asked by web banking applications for money transfers between two different banks (that are members of the swift network). We are not only asked to provide the beneficiary’s bank account number (or IBAN account number) that we want to send money to, but we are also asked to provide the exact B.I.C. code of the branch of the beneficiary’s bank. This site aims to simplify the process of finding this code.