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Bank deposit

Discussion in 'NameDrive' started by aquanuke, Jan 12, 2006.

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  1. aquanuke

    aquanuke Well-Known Member

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    I wanted to change my account from paypal to bank deposit. On the change screen it has..

    * IBAN:

    * SWIFT/BIC:

    Would that be account no. and sort code ?
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. admin Spain

    admin Administrator Staff Member

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    No these are specific bank codes.

    Dig out your bank statement, mine has this information listed on it.
     
  4. charlie

    charlie Well-Known Member

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    my iban works out as GB BARC(sortcode)(account number)
    not too hard to figure - i had to phone them though
     
  5. accelerator United Kingdom

    accelerator Well-Known Member

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    IBAN stands for International Bank Account number, see:

    http://en.wikipedia.org/wiki/International_Bank_Account_Number

    normally pretty long, up to 34 digits I believe, often now printed on your bank statement.

    Swift/Bic:

    http://en.wikipedia.org/wiki/Swift_Codes

    Identifies the bank, you would usually use the head office Swift as this is the one that will be a member of UK clearing. Head office Swifts are given in the link I supplied, but I would probably still double check with your bank as to the exact swift that they use (if it isn't given on your statement).

    Hope this helps

    Accelerator
     
  6. NameDriver

    NameDriver NameDrive Staff

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    Hi there,

    Just to reinforce this - although your fellow forumers have been very helpful and beat me to it:

    We pay out of Germany and, although we can pay with your standard bank account number and sort code, it's faster - and 8 Euros per transaction - cheaper to pay by IBAN and SWIFT/BIC.
    We did actually want to have our European bank in England, but we couldn't find a bank that charged anything less than a whopping 25 quid per International transaction! I saw on another part of this forum how people enjoyed a good moan about life in England being extortionate, so here's another bit of fodder.

    We've gathered this data from most of our UK customers over the last few months and we're going to update the data ourselves so you don't need to, but feel free to change it yourselves if you wish.

    On another note, the wire payments went out this morning, so they may be there in time for the weekend :)

    Ed
     
  7. fred United Kingdom

    fred Active Member

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    Mine starts GB80 NWBK


    Taken from http://www.natwest.com/corporate/international/iban/index.asp?navid=CORPORATE/INTERNATIONAL/IBAN
    and

    So don't try to guess - ask your bank.
     
  8. charlie

    charlie Well-Known Member

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    yeah actually check mine and its GB33BARC (barclays) - seems my country code is different - perhaps i live in a different GB ;)
     
  9. NameDriver

    NameDriver NameDrive Staff

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    Yes, the best thing is really to look on your bank statement. My HSBC one is in the top right.
    I have tried to see if it's possible to build my own IBAN number from my bank account but it is certainly safer and wiser to get the number from your statement or bank direct.

    This is also quite an interesting link:
    http://www.xe.com/idt/

    While we're on the subject of payments, we use mass-pay when we do PayPal which means that we pay the fees, allowing you to receive money without the 3% cut. We're paying PayPal within the next 48 hours and you can set up a dollar account meaning that effectively nothing gets lost in translation, so if anyone's considering a change...

    Ed
     
  10. aquanuke

    aquanuke Well-Known Member

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    Only 6 months from my original post, finally got around to looking at a bank statement and its on there :p

    Thanks chaps.
     
  11. Jeewhizz

    Jeewhizz Well-Known Member

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  12. NameDriver

    NameDriver NameDrive Staff

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    You got me all confused there. I was reading it like a new post and didn't realise it was 6 months ago! Having a horrible sense of déja vu.
    I don't get bank statements any more, but I do seem to remember my HSBC ones had the IBAN and SWIFT on there somewhere.

    Ed
     
  13. texidriver

    texidriver Active Member

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  14. aquanuke

    aquanuke Well-Known Member

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  15. NameDriver

    NameDriver NameDrive Staff

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