IBAN stands for International Bank Account Number. It’s an internationally-agreed code made of up to 34 letters and numbers that helps banks to process transfers around the world.                    

A BIC number - sometimes also called a SWIFT code - is a standard format for Business Identifier Codes (BIC). It’s used to identify banks and financial institutions globally. It says who and where they are — a sort of international bank code or ID.

These codes are used when transferring money between banks.            

We are changing your IBAN & BIC because our banking partner (UAB PayrNet) is providing an upgrade to their Euro accounts. In the future this means more functionalities will be available to you as a customer.