When making international bank transfers, you may be asked to provide certain codes to correctly identify the destination account. Below is an explanation of each code and when it's used.
IBAN (International Bank Account Number)
The IBAN is a standardized international number that identifies a specific bank account in a given country.
Format: up to 34 characters, including the country code, check digits, and account number
Example: ES9121000418450200051332.
⚠️In Chile, the IBAN is not used. Instead, a local bank account number is used.
SWIFT Code (Society for Worldwide Interbank Financial Telecommunication)
The SWIFT code, also known as the BIC, identifies a specific bank internationally.
Format: 8 or 11 characters
- First 4: bank code
- Next 2: country code
- Last 2 or 5: location and branch code
Example: BCHICLRM
Use: Required to send or receive international transfers.
BIC (Bank Identifier Code)
The BIC is simply another name for the SWIFT code. Both refer to the same identifier and can be used interchangeably to identify a bank internationally.
Do I need these codes to use Betano in Chile?
No. For domestic bank deposits or withdrawals within Chile, you do not need an IBAN, BIC, or SWIFT code.
These codes are only required if you are making an international transfer to or from a foreign account.
Where can I find these codes?
You can get them through:
- Your online banking platform
- Your bank statement
- Contacting your bank directly