This guide explains what SWIFT, BIC, IBAN, Sort Code, and CVV codes mean and why they matter for secure payments.
What is a SWIFT code?
A SWIFT/BIC code is a standard format of a Business Identifier Code (BIC). It uniquely identifies banks worldwide and is used for international money transfers.
You can usually find it on your online banking portal or bank statement. If you are unsure, please contact your bank for assistance.
Example SWIFT/BIC code (Bank of Ireland)
The standard format is 8 or 11 characters: BOFIIE2D
Breakdown:
BOFI – Bank code (Bank of Ireland)
IE – Country code (Ireland)
2D – Location code
Important: This information is required when withdrawing funds via Telegraphic Transfer.
Tip: Always double-check your SWIFT code with your bank to avoid delays.
What is a BIC?
BIC stands for Bank Identifier Code. It is another name for a SWIFT code and is used for exactly the same purpose, identifying banks for international money transfers.
You may see it referred to as SWIFT, BIC, or SWIFT/BIC depending on your bank.
You can usually find it on your online banking portal or bank statement.
If you are unsure, please contact your bank for assistance.
Important: You will need your BIC/SWIFT code when withdrawing funds via Telegraphic Transfer.
What is an IBAN number?
An IBAN (International Bank Account Number) helps identify bank accounts across borders. It ensures your funds reach the correct account during cross-border transfers.
Up to 34 alphanumeric characters.
Irish IBANs begin with IE, followed by numbers and letters that identify your bank and account.
Example: IE29 BOFI 9000 0112 3456 78
When do I need an IBAN?
If you withdraw via Telegraphic Transfer, you’ll need your IBAN.
You can usually find it on your online banking portal or paper statement.
If you’re unsure, contact your bank for assistance.
Important: Always double-check your IBAN before submitting it to avoid delays.
Tip: Save your IBAN securely for future withdrawals.
What is a CVV number?
The CVV number adds an extra layer of security when making deposits with your card.
The CVV number is the last 3 digits on the signature panel on the back of your card.
You’ll need to enter this number whenever you make a deposit into your account.
Why do I need to enter it every time?
Your card number is saved when you make a deposit, but the CVV number must be entered manually each time for added security.
This helps protect your account from unauthorised transactions.
Other names for CVV
The CSC number can also be referred to as:
CSC
CVN
CV2
CVV2
Important: Never share your CVV number with anyone.
Tip: If you can’t find the CVV, check the back of your card near the signature strip.