In order to make international payments, your bank account details are required. What is usually asked is the IBAN.
What is an IBAN?
An IBAN or International Bank Account Number is your bank account number in a standard, internationally recognised format. Used with your Bank Identifier Code (BIC) they help international payments to be processed automatically.
An IBAN contains:
- 2 digit country code e.g. GB (United Kingdom) or CH (Switzerland)
- A 2 digit numerical check digit.
- An up to 30 character Basic Bank Account Number – which can include the bank name and routing information as well as the individual bank account number.
Example of an UK IBAN:
|SAMPLE IBAN Number Properly formatted||GB00 00 XXXX 000000 00000000|
|Country Code||GB (Great Britain)
|Check Number||00 (2 digits)|
|Bank Code||XXXX (4 letters)
|Sort Code||000000 (6digits)|
|Uk account number||00000000 (8 digits)|
Where can you find your IBAN?
You usually find the IBAN on your bank statement or you can ask directly your bank. Also you can find it out via our list of IBAN generators.
*Note – Not to be confused with SWIFT number or SWIFT/BIC, which identifies a specific Financial Institution for standardised messages and payments between Financial Institutions. Both SWIFT and IBAN numbers are often requested for payments.