BICThis is where you register the banks that can be linked to one or more bank accounts in the customer, supplier or employee details. For each bank account number or IBAN, you can register the corresponding bank.
Enter the Bank Identifier Code (BIC). This unique code is used to identify the bank in international payments. When making international payments, you are required (until February 1, 2016) to specify the BIC for the bank account number or the IBAN used.
Use the Location field to enter country-specific bank details.
Examples
The International Bank Account Number (IBAN) was developed to enable domestic and international payments to be made more quickly and with fewer errors. The number of characters in the IBAN varies by country, and ranges from 15 up to 34 characters. Each IBAN is made up of an ISO country code, a check number, and a Bank Account Number (BBAN), which varies by country. When an IBAN is entered in Isah, the country code, the check number and the IBAN structure are verified.
Example of a Dutch IBAN:
NL99 BANK 0123 4567 89
Electronic and printed IBAN format
There is an electronic IBAN format, as well as an easier-to-read printed IBAN format, in which every four characters are separated by a space. The Isah forms show the electronic format, and some of the Isah reports show the printed format.
Example
Example of the electronic and printed IBAN formats for Great Britain:
Electronic IBAN format |
Printed IBAN format |
GB29NWBK60161331926819 |
GB29 NWBK 6016 1331 9268 19 |
For more information, visit http://www.europeanpaymentscouncil.eu/content.cfm?page=international_bank_account_number_and_business_identifier_code.