Find the IBAN and SWIFT/BIC information you need for secure and efficient international payments. Use our IBAN tools to calculate and validate account numbers, reduce the risk of payment delays and ensure your payment instructions are correct.
Since the market adoption of International Bank Account Number (IBAN) in Europe and other regions, it has become a community standard when stating beneficiary account in payments. In order to reduce the risk of delayed payments or additional fees to a minimum, the sender has to indicate the SWIFT/BIC address of the receiver's bank, as well as the IBAN number.
What is an IBAN?
The IBAN consists of a country code, a check digit, and a bank code followed by the existing account number. The combination of these elements in the IBAN enables the payers to have additional logical check that can help to avoid manual errors when entering account in the payment order. Such avoidable manual mistakes almost always lead to payment delays for the ultimate beneficiary of the payment, increased fees or rejection of the payment order.