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 the Netherlands?
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 IBAN code for the Netherlands consists of a country code followed by sixteen alphanumeric characters.
In the Netherlands, IBAN codes start with the letters NL, followed by 2 control digits, 4-digit bank code and 10-digit account number. Here is an example:
NL91 INGB 0417 1643 00
NL: Country Code
91: Fixed Control digits
INGB: Bank Code
0417164300: 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:
INGBNL2A
INGB: Bank Code
NL: Country Code
2A: City Code