4th December 2019


Is the swift code the same as the IBAN number?

BIC and IBANN are used in EU (and some other OECD countries) for inter bank transfers. SWIFT is used everywhere for interbank transfers. In the US - IBAN system is not (yet, hopefully) available, so you have to use SWIFT. The codes may look the same, but these are different systems.

What is the format of an IBAN number?

United Kingdom IBAN Format Example
IBANGB29 NWBK 6016 1331 9268 19
BBANNWBK 6016 1331 9268 19
Bank IdentifierNWBK
Branch Identifier601613
Account Number31926819
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