Yes, BIC (Bank Identifier Code) and SWIFT Code are often used interchangeably and refer to the same code. The SWIFT (Society for Worldwide Interbank Financial Telecommunication) Code is the international standard for Bank Identifier Codes. BIC or SWIFT Code is a unique identification code used to identify a specific bank or branch when conducting international transactions, particularly for wire transfers. So, both terms refer to the same code that serves the purpose of identifying banks globally.