What are IBAN and BIC (or SWIFT) codes?
IBAN or BIC codes (sometimes known as SWIFT code) contain information to allow easy and efficient payments via bank transfer in Europe. This information cannot be used to perform any other operation on your account. The IBAN code ensures the identification of your account on an international level. The code is made up of different parts, the first identifies the country (IE for Ireland), this is followed by the control key and the account identification number. The BIC is the international identity code for your bank and makes it possibly to automatically identify the destination of the payment and send it through to the recipient. You should find your IBAN and BIC (SWIFT) codes on your bank statement. If this is not the case, please check with your bank who will be able to provide the codes for you.
