The world of international banking can be confusing because there are usually so many acronyms and terms thrown around, and it’s easy to lose track of what means what if you are new to international transactions. Some of the most common terms you’d hear being used are IBAN, Swift Code, BIC code and Routing number. This article breaks down what each term means and how they work.
IBAN vs SWIFT code vs Routing number
IBAN vs SWIFT code vs Routing number
IBAN vs SWIFT code vs Routing number
The world of international banking can be confusing because there are usually so many acronyms and terms thrown around, and it’s easy to lose track of what means what if you are new to international transactions. Some of the most common terms you’d hear being used are IBAN, Swift Code, BIC code and Routing number. This article breaks down what each term means and how they work.