These IBAN and BIC/SWIFT codes make international payments faster and more secure. They also help prevent them being rejected, delayed or sent incorrectly. However, an increasing number of countries now require additional information on their payment instruction which needs to be provided by the sender in order for the funds to be successfully credited to the beneficiary’s account.
Note: Use of the IBAN is mandatory for Euro payments to accounts within the Single Euro Payments Area (SEPA) by SEPA Credit Transfer, for SWIFT payments to countries in the European Economic Area (EEA) and for SWIFT payments to certain other destinations as shown in additional information.
SEPA Credit Transfers can only be made from current accounts.