IBAN
An IBAN is an account-number format that includes a country code, check digits, and country-specific bank/account structure.
SWIFT/BIC
A SWIFT/BIC code identifies an institution or branch format. It is often used with an IBAN for international transfers, but requirements vary by country and provider.
Common mistakes
Do not assume either format check confirms payment eligibility, account existence, identity, compliance status, or official records.
FAQ
Do I always need both?
Not always. Requirements depend on country, bank, and payment provider.
Which one should I verify first?
Check both visible formats, then verify important details through your provider.