![]() By proceeding any further you will be deemed to have read our Terms and Conditions and Privacy Statement. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Authorised by the Prudential Regulation Authority and with deemed variation of permission. In the UK, Bank of Ireland is authorised and regulated by the Central Bank of Ireland. Basically, a SWIFT number tells you where to pay, and an IBAN tells you who to pay. A SWIFT code refers to a bank, while an IBAN will identify a specific bank account. Bank of Ireland Group plc, whose shares are listed on the main markets of the Irish Stock Exchange plc and the London Stock Exchange plc, is the holding company of Bank of Ireland.īank of Ireland is regulated by the Central Bank of Ireland. The main difference between an IBAN and SWIFT BIC code lies in what they’re used to identify. ![]() It is important to remember that IBAN is not a new account number but simply a new format for an existing account number which is recognised internationally.Īn example of an Irish IBAN, which contains your existing NSC & Account Number is: IE64BOFI90583812345678īank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 593672. This is the only permissible account identifier for SEPA payments. BICs are often called SWIFT Codes and can be either 8 or 11 characters long.Īn IBAN (International Bank Account Number) is an international bank account identifier used to uniquely identify the account of a customer at a financial institution. It uniquely identifies the name and country, (and sometimes the branch) of the bank involved. BICĪ BIC (Bank Identifier Code) is the SWIFT Address assigned to a bank in order to send automated payments quickly and accurately to the banks concerned. There are a couple of things worth noting 11 digit codes refer to. Your existing domestic payees on 365 online have been converted to BIC and IBAN on your behalf by Bank of Ireland. All BIC and SWIFT codes consist of 8 to 11 characters long and follow the same format. You can find your BIC & IBAN information on the top right hand corner of your Bank of Ireland account statement today. You will need to start becoming familiar with these key pieces of information to ensure people can continue to make payments to you or so you can complete direct debit mandates for paying bills, such as electricity or phone etc. When making a domestic payment by credit transfer or direct debit, BIC (Bank Identifier Code) and IBAN (International Bank Account Number) have replaced National Sort Code (NSC) and Account Number as the main payment identifiers for all SEPA payments.
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