When sending a transaction, we’ll ask you information about your contact and their bank account. Make sure to enter all information carefully to avoid delays. Here’s what you’ll need to know:
- Bank name
- The correct IBAN and BIC/SWIFT codes
- The entire name of your contact as it appears on their bank account
- A valid phone number from your contact (city code + domestic number)
- We may ask for your contact's mailing address if required by our payment partner
Bank transfers to most major banks are deposited in 2-3 business days. However, each bank operates differently and may have additional rules and regulations regarding deposits that could add additional transfer time. Please ask your contact to check with their bank for more details.
What are the characteristics of an IBAN & BIC number in Italy?
IBAN stands for International Bank Account Number and is used by banks in European countries for international funds transfers. The IBAN is a unique code that identifies a beneficiary’s bank account.The Italian IBAN code consists of a country code followed by twenty-five alphanumeric characters. It starts with the letters IT, followed by 2 check digits, 1 digit control number, a 5-digit bank code, a 5-digit branch number and 12-digit account number. Here is an example:
IT86 L061 7501 4320 0000 1134 250
Where:
IT: Country Code
86: Check digits
L: Control number
06175: Bank Code
01432: Branch Code
000001134250: Account Number
A BIC is a unique identifier code for a particular bank. The BIC consists of either eight or eleven characters, including 4 letters identifying the bank, a 2 letter country code, 2 alphanumeric characters identifying location of the bank, and sometimes 3 alphanumeric characters identifying a specific branch of the bank.
For example, Banca Carige SpA in Genoa, Italy uses this BIC:
CRGEITGG132
Where:
- CRGE: Banca Carige SpA
- IT: Italia
- GG: Genoa
- 132: Branch code