Finance
International Payments

Notice from Bank of America about Payments to EU Countries

Payments sent into one of the EU countries should include an IBAN (International Bank Account Number) in place of the basic, traditional beneficiary account number. IBANs should be placed in the Beneficiary ID/Account Number field, and the relevant SWIFT BIC code for the beneficiary bank should also be provided. Payments sent without an IBAN run the risk of being returned by the beneficiary bank, and/or additional charges being applied.

IBANs should only be obtained from the beneficiary of the payment. There is no central IBAN database.