The EU regulation 260/2012 requires financial institutions to add the BIC code to any domestic IBAN payment as off February 2014 and to any cross-border IBAN payment as off February 2016. If you are a financial institution sending SEPA payments, then discover here the solution for smooth and in-time SEPA-compliance.
What issues can you resolve with this directory?
- Validation of an IBAN, including country code pre-fix and IBAN length.
- Extraction of the bank code and validation of its existence.
- Validation of the IBAN bank ID against the Exclusion List
- Finding the corresponding BIC to be used, if not provided with the IBAN
- Validation of a BIC, if provided with the IBAN.
For routing of SEPA payments, please check out our SEPA Plus directory.
What can you find in this directory?
- Institution name and country
- Institution’s Bank/branch codes in the formats as embedded in IBANs.
- Institution’s BIC codes as issued together with the IBANs to the account holders.
- Data for the 32 SEPA countries and all non-SEPA countries (30+) that adopted the IBAN. Each time a new country registers a new IBAN format with SWIFT (in the ISO IBAN registry), the file is updated
If purchased as a file, you will in addition receive IBAN STRUCTURE information:
- IBAN country pre-fix
- IBAN length
- Bank code length, composition and position within the IBAN
In which format can you buy this directory?
- Online (daily updated)
- As a flat file in xml or txt format (with daily and monthly updates)
- downloadable from our download portal,
- using download automation,
- delivered to you over FileAct
- Via web services APIs,
allowing your applications to retrieve individual data, to perform BIC and IBAN validation or BIC-from-IBAN derivation online, without the need to download and store the data at your premises.