I want to carry out a wire transfer to a bank outside of the SEPA zone. The form doesn't a field for the account number. It has the account name, BIC, IBAN, bank name and address. Are account numbers not required for this?
1 Answer
The form doesn't a field for the account number. It has the account name, BIC, IBAN, bank name and address.
The abbreviation "IBAN" stands for "International Bank ACCOUNT NUMBER". It is the account number, so you do have a field for the account number. The difference compared to many traditional national account numbers is that apart from identifying your account within your institution, it also contains information about the institution and the country in a format that is internationally compatible.
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See also BIC (Bank Identifier Codes) and IBAN (International Bank Account Number). Jun 6, 2018 at 7:51
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I understand I guess I was confused becausemy bank uses an intermediary bank and the IBAN is for the intermediary bank not my local bank.– BrianJun 7, 2018 at 11:09