FAQs
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What is a BBAN?
The BBAN is the Basic Bank Account Number. The BBAN format is decided by each national banking community under the restriction that it must be of a fixed length of case-insensitive alphanumeric characters. It includes the domestic bank account number, branch identifier, and potential routing information.
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What is an IBAN?
The IBAN is the International Bank Account Number. It is an internationally agreed format for the BBAN and includes the ISO country code and two check digits. In 2001 the decision was made to make IBAN the standard bank account format within the SEPA region. Outside the SEPA zone, an increasing number of countries are using the IBAN format.
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What is a BIC?
The BIC is the Business Identifier Code, also known as SWIFT or Bank Identifier code. It is a code with an internationally agreed format to Identify a specific bank. The BIC contains 8 or 11 positions: the first 4 contain the bank code, followed by the country code and location code.