IBAN & SWIFT code????

marrbett

I have just sold an item to someone in Germany who wants to pay straight into my bank account. They are asking for my bank details (IBAN and SWIFT code) so they can do so. Are these different from account number and sort codes and if they are , where do I find them. Thanks for any help.

Stuart_P

yea they are different. contact your bank who'll provide the numbers you need

nshears

on your statement / online banking

digerati

marrbett wrote: »

I have just sold an item to someone in Germany who wants to pay straight into my bank account. They are asking for my bank details (IBAN and SWIFT code) so they can do so.

marrbett,

Buyers in Germany can send you payment by international bank transfer FREE OF CHARGE provided they send payment in Euros using your BIC + IBAN details (which are printed on your UK bank statement) with Shared costs selected. Simply convert the £ total (including S&H) to Euros. Most bank transfers from the EU take between a few hours to several business days to be credited to your UK bank account.

Hope this helps! :-)

marrbett

Thanks for all the answers, hopefully the payment will reach my account soon. No paypal fees,yipee!!!

robnye

dont forget that if the payment is in euros, you will lose somein the exchanging of it to pounds......

lolarentt

robnye wrote: »

dont forget that if the payment is in euros, you will lose somein the exchanging of it to pounds......

Yes be careful as most of the 'high street' banks charge disproportionately high amounts for small transfers which can often make the sale unattractive.
Check with your bank first

Frozenace

like Natwest is ludicrous... 20 quid for receiving minimal amounts.

frivolous_fay

I'd say 'most banks' actually don't charge an excessive amount. You might lose a few pence, no more than that. Obviously there are a few rotten banks who are the exception. As long as the payment was made in euros with shared charges (see post 4) you shouldn't get hit with anything anywhere near £20.

lolarentt

frivolous_fay wrote: »

I'd say 'most banks' actually don't charge an excessive amount. You might lose a few pence, no more than that. Obviously there are a few rotten banks who are the exception. As long as the payment was made in euros with shared charges (see post 4) you shouldn't get hit with anything anywhere near £20.

HBOS £12, and a rubbish ER as well!

Frozenace

yeah, that's why I don't transfer my money from Germany over here. Barclays has this deal with Deutsche Bank, where you get free cash withdrawals and BOE exchange rates