IBANs
Overviewโ
International Bank Account Numbers (IBANs) identify accounts on the Single Euro Payment Area (SEPA) network. This unique identifier makes it easy for banking services like Swan to make sure payments reach their destination safely across Europe.
With IBANs, you can send and receive SEPA Credit Transfers and SEPA Direct Debit transactions.
Swan provides two types of IBANs:
- Main IBANs: Each Swan account is assigned a single primary IBAN.
- Virtual IBANs: Swan accounts can add an unlimited number of virtual IBANs.
Additionally, Swan IBANs begin with one of several country prefixes, making them local to those countries.
Verifying IBANsโ
Swan verifies specific beneficiary IBANs to help reduce errors and potential fraud.
Additionally, the format of your IBANs must be correct when you use them with Swan's API.
Use the ibanValidation
query the confirm that your IBAN follows the expected format.
Local IBANsโ
Local IBANs aren't a different type of IBAN, but rather a characteristic of both main and virtual IBANs. With local IBANs, you can choose (within regulations) the country prefix for your Swan IBANs.
The country prefix for local IBANs is determined by the account country. Swan must comply with different requirements depending on local laws. Bank Identifier Codes (BIC) are also unique to each account county.
Local IBANs are available for the following countries. Refer to Swan's public roadmap to see which local IBANs are on the way.
๐ซ๐ท France โ IBAN: FR76 1732 8844 00XX XXXX XXXX XYY
| BIC: SWNBFR22
French IBANs consist of 34 letters and numbers.
Each set of characters represents a different account detail.
Character set | Explanation |
---|---|
FR | France's country code |
76 | Check digits |
17328 | Swan's French bank code |
84400 | Swan's French branch code for main IBANs (virtual IBANs: 89900) |
XXXX XXXX X | 11-digit account number (not applicable for virtual IBANs) |
YY | Two-digit RIB key RIB, or relevรฉ d'identitรฉ bancaire, are Swan's bank details PDF |
SWNBFR22 | Swan's French Bank Identifier Code (BIC) |
๐ฉ๐ช Germany โ IBAN: DEYY 1001 4000 XXXX XXXX XX
| BIC: SWNBDEBB
German IBANs consist of 22 letters and numbers.
Each set of characters represents a different account detail.
Character set | Explanation |
---|---|
DE | Germany's country code |
YY | IBAN check digits |
1001 4000 | Swan's German bank code for main IBANs (virtual IBANs: 1001 4001) |
XXXX XXXX XX | 10-digit account number (not applicable for virtual IBANs) |
SWNBDEBB | Swan's German Bank Identifier Code (BIC) |