International Bank Account Numbers (IBAN) are unique codes used to identify accounts within the Single Euro Payment Area (SEPA) network.

An IBAN enables you to securely send and receive SEPA Credit Transfers and SEPA Direct Debit transactions across Europe.

Your IBANs are localized, meaning that they’re country-specific, starting with one of several country prefixes.

Both your main and virtual IBANs and your Bank Identifier Code (BIC) are localized to your account country in compliance with local laws. IBANs begin with a country prefix, also included in the BIC. For example, NL is the prefix for the Netherlands, and the BIC is SWNBNL22.

Dutch IBANs consist of 18 letters and numbers. Each set of characters represents a different account detail.

IBAN: NLYY SWNB ZXXX XXXX XX
BIC: SWNBNL22

There are two types of IBANs linked with your payment account:

Your payment account has one main IBAN, and all of your virtual IBANs are connected to this main IBAN. Go to Account > Main IBAN to view your main IBAN*, provided only after you complete account onboarding and identification.

Virtual IBANs are designed to receive payments, allowing you to accept SEPA Credit Transfers and set up incoming SEPA Direct Debit transactions. You can’t make payments with your virtual IBANs.

The following image shows that you can create multiple virtual IBANs for your account linked to your main IBAN. Virtual IBANs enable you to separate payments for easier tracking.

Assigning a unique IBAN to each payer simplifies payment tracking and reconciliation.

If you still don’t have access to your IBAN after successfully completing identification, submit a request to Swan Support.