What Is An IBAN, Swift Code And BIC?

Q: What is an IBAN?

A: The International Bank Account Number (IBAN) is a globally recognized standard for numbering bank accounts. It comprises a two-letter country code followed by up to thirty alphanumeric characters. If you reside in the European Union (EU), you can find your IBAN number on your bank statement.


Q: What is a Swift code?

A: A Swift code, also known as a Bank Identifier Code (BIC), is a unique code assigned to your bank branch. It typically consists of 8 or 11 characters. You can usually find this code on your cheque book or bank statement. If you are uncertain about the correct Swift code, please contact your branch directly to obtain accurate information.

Was this article useful?