SWIFT / BIC and beneficiary details
Enter accurate bank codes and account details for reliable credit
A BIC (Bank Identifier Code), often called a SWIFT code, identifies a bank in the SWIFT network. Codes are 8 or 11 characters. Enter them carefully when you send or receive international wires with MShore.
Matching the beneficiary account name and number (or IBAN) to the receiving bank’s records reduces returns and investigation requests. Do not invent or guess BICs from memory—confirm with the beneficiary’s bank statement or official details.
When receiving funds into MShore, use only the official inbound details shown in Online Banking. Related reading: international wire transfers and opening and funding.
- BIC/SWIFT: 8 or 11 characters identifying the beneficiary bank (and sometimes a branch).
- Account number / IBAN: must match the beneficiary bank’s records exactly.
- Beneficiary name: use the legal name on the account, including company suffixes where required.
- Bank name and address: help intermediaries route when corridors require them.
- Purpose of payment: mandatory wording in some countries—ask the beneficiary what their bank needs.
Related topics: International wire transfers, Same-bank transfers, Foreign payments and currencies, Payment references and receipts