SWIFT Code & IBAN Account number how important are they?

[JohnAlley]

How important is it that the offshore bank has a SWIFT Code and how important is a IBAN account number?


Does all offshore banks offer IBAN account number and SWIFT code?

 

[salem]

SWIFT is more important than IBAN, if a offshore bank don't have a SWIFT code it won't be a real bank so you have to avoid them!!

 

[belaster]

A bank without a SWIFT code is defiantly a NO GO - if the bank has both a SWIFT and IBAN account's it is preferable.

 

[wosniak]

sames as jusfast! a good bank regardless offshore or onshore MUST have a SWIFT and if it is located in Europe as well IBAN account number!

 

[wonderwilly]

A bank without SWIFT code will make any Wire transfer to and from the bank account in such bank very expensive!

 

[clemens]

A bank without SWIFT code will make any Wire transfer to and from the bank account in such bank very expensive!

That's correct... you will pay 3 time the bank fee if the bank don't has a SWIFT code.