About IBAN and BIC

The International Bank Account Number (IBAN, ISO 13616) is an international standard for identifying bank accounts across national borders. The IBAN was originally developed to facilitate payments within the European Union but the format is flexible enough to be applied globally. People are frequently confused by differing national standards for bank account numbers. IBAN imposes a flexible but regular format for account identification and contains validation information to avoid errors of transcription.

The IBAN consists of a contry code followed by two digits and up to thirty alphanumeric characters for the domestic bank account number, called the BBAN (Basic Bank Account Number).  It is up to each country's national banking community to decide on the length of the BBAN for accounts in that country, but its length must be fixed for any given country.

Example: Finnish IBAN structure

Example IBAN Finland

All IBANn with examples can be find from our IBAN On-Line Check.

The BIC (Bank Identification Code)  is 8 or 11 characters, made up of:

  • 4 characters - bank code (only letters)
  • 2 characters - country code (only letters)
  • 2 characters - location code (letters and digits) (if the second character is '1', then it denotes a passive participant in the SWIFT network)
  • 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)
Most of SEPA banks have 8 characters long BIC.

Link: Finnish BICs

SEPA Payments requires both IBAN and BIC Code.
Link: IBAN on-line check can be found Iban On-Line Check
Link: IBAN's check digit calculator is
IBAN Check Digit Calculator

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