Glossary of terms commonly used in the Wallet

Terms starting from B

2 Information

bank-affiliated credit card

These cards are issued by bank-affiliated credit card companies. Bank-affiliated credit cards tend to be more difficult to screen. However, if you already have an account and have a track record of using the account to receive your salary or to debit your utility bills, this is a positive factor during the screening process.

BIC Code

The BIC code is a financial institution identification code established by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks worldwide; it is also called a SWIFT code or SWIFT address and consists of 8 or 11 alphabetic and numeric digits.

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