What is an IBAN?
A personal account with a unique International Bank Account Number – IBAN is a simple way to improve money management.
![](https://www.sikirapay.eu/wp-content/uploads/2024/12/individual-accounts.jpg)
What is a unique IBAN?
A unique code that identifies your Sikirapay account in the international banking system to simplify transaction processing.
Send and receive salary payments
Make sure the money always gets to the right beneficiary
Cover utility bills
Take care of essential expenses with ease
Pay for goods and services
Simplify routine payments
What is SWIFT
SWIFT is another cross-border wire transfer network, which is accessible from pretty much anywhere. Currently, over 10,000 banking institutions in 210 states are connected to SWIFT. Its rules are practically identical to those of SEPA; however, SWIFT transactions are executed in pretty much any currency. Businesses located in Europe use SWIFT for their financial operations, but there are several key differences that make SEPA much more convenient for Euro payments.