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Swift or IBAN


Russethouse

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I use Lloyds bank in the UK to transfer money to my French Credit Agricole Account. I use phone banking and they fax the form to the international dept. Last time the money was in my French account the next day. The time before took two days.
I believe they use a SWIFT payment and officially it can take 3-5 working days.
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As I understand it, SWIFT is the method for international electronic transfers and IBAN is your International Bank Account Number (printed on the bottom of a RIB). You need this number to effect a SWIFT or any other electronic transfer.

Jon


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