IBANs

Swan gives account holders a main IBAN for sending and receiving SEPA payments, plus virtual IBANs for receiving them. Local IBANs with country prefixes are available in several markets.

With IBANs, you can send and receive SEPA Credit Transfers and SEPA Direct Debit transactions.

Swan offers two types of IBANs:

• Main IBANs: Each Swan account is assigned a single primary IBAN.
• Virtual IBANs: Swan accounts can add an unlimited number of virtual IBANs.

Additionally, Swan IBANs begin with one of several country prefixes, making them local to those countries.

Verifying IBANs

Swan verifies specific beneficiary IBANs to help reduce errors and potential fraud.

Additionally, the format of your IBANs must be correct when you use them with Swan's API. Use the ibanValidation query to confirm that your IBAN follows the expected format.

In this section

1

Main IBANs

2

Local IBAN details

3

Virtual IBANs