Frequently Asked Questions

Send money to a bank account

How do I send money to a bank account from Australia?

You can send money directly to a bank account by simply choosing it as the receive method.

You can make direct bank transfers to nearly 100 countries from Australia. Please note that if you are sending to India, you can choose UPI to instantly transfer money to a bank account.

What is a Bank Identification Code (BIC)?

Bank Identification Code (BIC) is a type of bank code used to identify banks worldwide. It is made of up 8 or 13 digits. BIC is also known as Society for Worldwide Interbank Financial Telecommunications (SWIFT).

What details do I need to send money directly to a bank account?

You’ll need to provide the following bank account details to complete a transfer:

  • Bank name
  • Account number
  • Bank code

For some countries, you may need to provide additional information such as International Bank Account Number (IBAN), branch address, receiver’s tax ID, and purpose of the transfer. Check the bank transfer requirements for each country before sending money.

What is a bank code? How do I find my receiver’s bank code?

A bank code is a number used to identify banks worldwide. The number can range from 3 to 23 digits, depending on the country and the code type. The most common types of bank codes are listed below:

  • BSB (Bank-State-Branch)
  • SWIFT or BIC (Bank Identification Code)
  • CHIPS (Clearing House Inter-Bank Payment System)
  • NCC (National Clearing Code)
  • BSC (Bank Sort Code)
  • IFSC (Indian Financial System Code)
  • CLABE (Clave Bancaria Estandarizada)

For some countries, you may need an International Bank Account Number (IBAN) in addition to the bank code.

What is an International Bank Account Number (IBAN)?

International Bank Account Number (IBAN) is an alphanumeric code used to identify bank accounts. It consists of a country code, bank code, and account number.

When sending money to bank accounts in countries in the Single Euro Payments Area (SEPA), you’ll need to provide IBAN while sending money to a bank account.

Can I send money directly to a bank account?

Yes, you can send money directly to your receiver’s bank account. Just choose Bank account under Receive by while sending money.