IBAN

Support Guide

IBAN vs SWIFT/BIC

See the difference between IBAN and SWIFT/BIC, what each identifier is for, and when transfers need both.

IBAN and SWIFT/BIC often appear together in transfer flows, but they do different jobs. One identifies the destination account, while the other helps route the payment to the correct bank.
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What IBAN does

What IBAN does

IBAN points to the recipient account. It is the account-level identifier used in many domestic and cross-border transfer systems.

If the IBAN is wrong, the payment may be rejected or sent to the wrong destination if other controls do not catch the error.

What SWIFT/BIC does

What SWIFT/BIC does

SWIFT/BIC identifies the bank or branch in the global messaging network. It does not replace the recipient account identifier.

For many cross-border transfers outside simpler regional rails, the sender may need both the bank identifier and the account identifier.

When both are required

When both are required

Inside some domestic or SEPA flows, the IBAN may be enough. In broader international transfers, the bank may still require a SWIFT or BIC code for routing.

The exact requirement depends on the payment corridor, currency, and sending bank.

Comparison table

Comparison table

IBANSWIFT / BIC
IdentifiesIndividual bank accountThe bank / branch
Length15–34 characters8 or 11 characters
StandardISO 13616ISO 9362
Used forAccount-level routing (EU, SEPA)Interbank messaging (global)
ExampleDE89 3704 0044 0532 0130 00COBADEFFXXX
Use Cases

Use Cases

  • Answering support questions about transfer form fields.
  • Improving payment instructions on invoices or payout forms.
  • Reducing confusion in cross-border supplier payments.
FAQ

FAQ

Can SWIFT replace IBAN?

No. SWIFT identifies the bank, while IBAN identifies the account.

Do SEPA transfers always need SWIFT?

Not always. Many SEPA flows rely mainly on IBAN, but bank requirements can vary.

Important Disclaimer

This tool checks format only. It validates structure and checksum, but does not confirm that a bank account exists, is active, belongs to a person, or can receive payments. It does not perform financial, identity, or bank verification.

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