INFORMATION
about transfer orders incurring “Extra transfer fees for transfer orders with missing or incorrect data”
Incorrect SWIFT / BIC
Cause of error:
- The SWIFT/BIC code is missing, and the name and address of the bank is indicated only in
words
- The SWIFT/BIC code is indicated but not in the appropriate field but in the rows left for the
bank’s name and address, or the rows of the sender’s message to the beneficiary, which are
free-format rows and hence cannot be interpreted by the systems automatically.
- The SWIFT/BIC code is indicated but incorrectly.
How can you avoid this error?
- This information has to be indicated on the invoices incoming from partners more and more
often, since it is vital information in international money transfers. Thus, it is in the interest of
your partners as well to indicate this on the invoices or other documents in which they ask for
transfers from their clients.
- Should there be no such information on the invoice, please ask from your partners for their
bank’s SWIFT/BIC code. Every bank has to specify their SWIFT/BIC code on their bank
account statements or announce it to their clients upon request, so your partners have to be
able to provide you with this information.
- SWIFT/BIC codes may only consist of 8 or 11 characters, and any length other than these are
incorrect.
- SWIFT/BIC codes may be searched by the name of the bank on the http://www.swift.com/bsl
webpage.
- Please enter the correct SWIFT code you have been provided with only in the field where the
SWIFT/BIC code has to be indicated.
Incorrect IBAN – in the “Beneficiary’s bank account number” field an incorrect International Bank
Account Number (IBAN) has been entered.
Cause of error:
- It was not the IBAN that was indicated as the bank account number of the beneficiary when
making a transfer to a country using IBAN
- IBAN was entered in another field (Bank ID or Bank’s name, address or the rows of the
sender’s message to the beneficiary, which are free-format rows and hence cannot be
interpreted by the beneficiary’s bank automatically)
- The IBAN was indicated, but some unnecessary information or characters were also added
(e.g. “IBAN”, “BIZ”, etc. is added before it)
- The IBAN was entered but incorrectly (numbers might be left out, added or mistyped)
How can you avoid this error?
- The IBAN has to be indicated on the invoices incoming from partners, since it is vital
information in international money transfers (especially in Europe). Thus, it is in the interest of
your partners as well to indicate this on the invoices or other documents in which they ask for
transfers from their clients.
- Should there be no such information on the invoice, please ask from your partners for the
IBAN of their account where they would like the money to be sent. The IBAN numbers are
used in every EU country and in several other countries, and every bank has to specify the
IBAN on their bank account statements, so your partners have to be able to provide you with
this information.
- The IBAN format and the number of characters contained are defined by each country, and it
also has a 2-digit verification number by which the banks verify them. This information
package contains a list about countries using IBAN at present, and the format of such
numbers. If you compare there with the information entered in the transaction orders, the
differences will be apparent immediately.
-
We suggest that you check the IBAN format using our IBAN verifier located at our webpage
www.unicreditbank.hu .
Please enter the correct IBAN you have been provided with only in the field where the IBAN
has to be indicated. Every electronic system we have will tell you immediately if the IBAN
entered is correct or not.
Incorrect Bank ID
Cause of error:
- Unnecessary specification of Bank ID in cases when the IBAN would be sufficient.
- The Bank ID is entered with the incorrect prefix (e.g. BIZ instead of BL).
- The IBAN is incorrectly entered in the Bank ID field instead of the “Beneficiary’s bank account
number” field.
How can you avoid this error?
- Nearly 70-80% of our clients’ transactions are directed at countries where the IBAN is used.
Hence, indicating the SWIFT/BIC codes and the Beneficiary’s IBAN is necessary and
sufficient to perform orders. If the transfer is directed into a country which uses the IBAN,
please always give the SWIFT/BIC code and the IBAN, and leave he Bank ID field empty.
- Bank IDs are defined only for certain countries, and their form is strictly defined and should be
adhered to according to the table attached here. Please find a summary of the correct IDs
and their format in the table below.
On the pages that follow we would like to offer more help to you on how to fill out accurately our
foreign currency transfer screens of our electronic banking software.
Yours sincerely,
UniCredit Bank Hungary Zrt.
Spectra, Spectra Light
In the Spectra and SpectraLight systems the programs fill out the IBAN field automatically if you enter
a correct IBAN in the bank account field.
(You may use spaces between 4-digit groups)
SpectraNet Light and SpectraNet Plusz
In the SpectraNet Light and the SpectraNet Plus systems, when an existing and correct IBAN is
entered in the bank account field the program will indicate, above the bank account number, if the
account number entered is an “IBAN account number” or “Not an IBAN account no.”
MultiCash – when using the HUA module:
Please leave the Beneficiary account number field empty, and after selecting “IBAN” enter the IBAN
number (continuously, without spaces or the IBAN prefix).
You may only store and close the Beneficiary info if the IBAN meets the requirements.
MultiCash – when using the MT100 module:
Please enter the IBAN account number (continuously, without spaces or the IBAN prefix) in the
PARTNER account number field, then choose the “IBAN” option.
You may only store and close the Partner info if the IBAN meets the requirements.
Countries using IBAN and their IBAN formats
Country
Albania
Andorra
Austria
Republic of Azerbaijan
Bahrein
Belgium
Bosnia-Herzegovina
Brazil
Bulgária
Costa Rica
Croatia
Cyprus
Czech Republic
Denmark
Dominican Republic
United Arab Emirates
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Gibraltar
Great Britain
Greece
Greenland
Guatemala
Hungary
Iceland
Ireland
Israel
Italy
Jordan
Kazakhstan
Kuwait
Latvia
Lebanon
Lichtenstein
Lithuania
Luxemburg
Macedonia
Malta
Mauritania
Mauritius
Republic of Moldova
Monaco
Montenegro
Electronic account no. format
No. of
(examples)
characters
AL47212110090000000235698741
28
AD1200012030200359100100
24
AT611904300234573201
20
AZ21NABZ00000000137010001944
28
22
BH67BMAG00001299123456
BE62510007547061
16
BA391290079401028494
20
BR9700360305000010009795493P1
29
BG80BNBG96611020345678
22
21
CR0515202001026284066
HR1210010051863000160
21
CY17002001280000001200527600
28
CZ6508000000192000145399
24
DK5000400440116243
18
28
DO28BAGR00000001212453611324
23
AE070331234567890123456
EE382200221020145685
20
FO6264600001631634
18
FI2112345600000785
18
FR1420041010050500013M02606
27
GE29NB0000000101904917
22
DE89370400440532013000
22
GI75NWBK000000007099453
23
GB29NWBK60161331926819
22
GR1601101250000000012300695
27
GL8964710001000206
18
GT82TRAJ01020000001210029690
28
HU42117730161111101800000000
28
IS140159260076545510730339
26
IE29AIBK93115212345678
22
IL620108000000099999999
23
IT40S0542811101000000123456
27
JO94CBJO0010000000000131000302
30
20
KZ86125KZT5004100100
30
KW81CBKU0000000000001234560101
LV80BANK0000435195001
21
LB62099900000001001901229114
28
LI21088100002324013AA
21
LT121000011101001000
20
LU280019400644750000
20
MK07300000000042425
19
MT84MALT011000012345MTLCAST001S
31
27
MR1300020001010000123456753
MU17BOMM0101101030300200000MUR
30
MD24AG000225100013104168
24
MC1112739000700011111000h79
27
ME25505000012345678951
22
Country
The Netherlands
Norway
Pakistan
Palestine, State of.
Poland
Portugal
Romania
Qatar
San Marino
Saudi Arabia
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Tunisia
Turkey
Virgin Islands, British
Electronic account no. format
(examples)
NL39RABO0300065264
NO9386011117947
PK36SCBL0000001123456702
PS92PALS000000000400123456702
PL27114020040000300201355387
PT50000201231234567890154
RO49AAAA1B31007593840000
QA58DOHB00001234567890ABCDEFG
SM86U0322509800000000270100
SA0380000000608010167519
RS35260005601001611379
SK3112000000198742637541
SI56191000000123438
ES0700120345030000067890
SE3550000000054910000003
CH9300762011623852957
TN5914207207100707129648
TR330006100519786457841326
VG96VPVG0000012345678901
No. of
characters
18
15
24
29
28
25
24
29
27
24
22
24
19
24
24
21
24
26
24
Correct Bank IDs and their formats
Code
Identifier
Country using it
Does country use IBAN?
Example of format
AT
5 numbers
Austrian Bankleitzahl
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
AU
6 numbers
Australian Bank State Branch (BSB) Code
No
AU123456
BL
8 numbers
German Bankleitzahl
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
CC
9 numbers
Canadian Payments Association Payment
Routing Number
No
CC123456789
CH
6 numbers
CHIPS Universal Identifier
n/a
CH123456
CP
4 numbers
CHIPS Participant Identifier
n/a
CP1234
ES
8 or 9 numbers
Spanish Domestic Interbanking Code
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
FW
9 numbers
Fedwire Routing Number (USA)
No
FW123456789
GR
7 numbers
HEBIC (Hellenic Bank Identification Code)
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
HK
3 numbers
Bank Code of Hong Kong
No
HK123
IE
6 numbers
Irish National Clearing Code (NSC)
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
IN
11 characters
Indian Financial System Code (IFSC)
No
IN12345678901
IT
10 numbers
Italian Domestic Identification Code
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
NZ
6 numbers
New Zealand National Clearing Code
No
NZ123456
PL
8 numbers
Polish National Clearing Code
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
PT
8 numbers
Portuguese National Clearing Code
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
RU
9 numbers
Russian Central Bank Identification Code
No
RU123456789
SC
6 numbers
UK Domestic Sort Code
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
SW
3,4 or 5 numbers
Swiss Clearing Code (BC code)
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
SW
6 numbers
Swiss Clearing Code (SIC code)
Yes
Need not be used; please give beneficiary’s account number with IBAN instead
ZA
6 numbers
South African National Clearing Code
No
ZA123456