I sent a international wire transfer, but the IBAN was incorrect. The swift code was right, but I was in a hurry and thought my bank typed everything correctly. The account holders name is correct and so is the swift, but not the iban. Will it be returned to me or should I try and cancel the payment. Any answers will help, thanks!

  • 2
    This is a question for your bank.
    – Sneftel
    Feb 27, 2019 at 8:51
  • 2
    Besides, it depends in which way the IBAN is incorrect: is it a wrong but valid and existing one vs. invalid and/or non-existant IBAN. Feb 27, 2019 at 14:40

1 Answer 1


Let me shed light on what happens:

An international wire transfer which is not completely within the SEPA area (for which you don't need the SWIFT code) uses SWIFT for routing. So the transfer reaches the destination bank eventually.

There, the bank tries to find out what to do with the money. That's what it uses the IBAN for. If it cannot process the IBAN (maybe because the beneficiary account isn't with them, or the IBAN is just wrong), the transaction should be reversed.

However, if it can process the IBAN, the account holder (who isn't necessarily the one you tried to contact) gets the money.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .