What is an IBAN and SWIFT Code/ BIC and for which countries will I need them?
The ‘International Bank Account Number’ or ‘IBAN’ is a standard for quoting account numbers across Europe. The use of an IBAN and the beneficiary bank’s SWIFT Code / BIC (Bank Identifier Code) ensures the correct identification of your beneficiary’s bank account. Please see the list of countries you can make international payments to via 365 online. The countries where you require IBAN and Swift Address/BIC are indicated with “X”. For all other countries, you will require the beneficiary account number and Swift Address/BIC (for some countries, a National Sort Code of the beneficiary’s bank branch is also required). For payments to the USA an ABA code will be required.
