Is IBAN alone sufficient for international transfer? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is IBAN alone sufficient for international transfer?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Often not.

The bank may request the beneficiary's name, SWIFT/BIC, bank name/address, purpose, and additional details depending on the country and currency.

Obtain complete transfer instructions from the beneficiary or their bank instead of sending only the IBAN.

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