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 Spain?
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 Spanish IBAN code consists of a country code followed by twenty-two alphanumeric characters.
In Spain, IBAN codes start with the letters ES, followed by 2 control digits, a 4-digit bank code, a 4-digit branch number, and a 12-digit account number. Here is an example:
ES80 2310 0001 1800 1200 2356
ES: Country Code
80: Control digits
2310: Bank Code
0001: Branch Code
180012002356: 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. Here is an example:
BOFAES2X
BOFA: Bank Code
ES: Country Code
2X: City Code