What is SWIFT?
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global messaging network that banks use to send payment instructions to each other securely. A SWIFT or BIC code is an 8 or 11 character bank identifier.
When you need just an IBAN
Within the SEPA zone, an IBAN alone is normally enough to make a Euro transfer to another European account. SEPA was built around the IBAN format.
When you need both
For most international wires outside SEPA — including USD, GBP, or transfers to non-SEPA countries — you typically need both the recipient's IBAN and their bank's SWIFT/BIC code.
Common mistakes
Mixing up the IBAN and SWIFT code, missing characters, or using the wrong intermediary bank can cause delays, return fees, or lost funds. qeam.net validates these details before a transfer is initiated.