While IBAN is always mandatory for international payments, the BIC (SWIFT) code is not required in certain cases. That is why in version 2022.3.0 we improved the way these codes are entered, as we will show in this article.
IBAN and BIC in the address book
In the Business Partners - Company Addresses menu, fill in the details on the Bank Details tab:
In this module, there is no validation requiring BIC to be filled in. It is possible to enter only the IBAN without needing to add a BIC, regardless of which country the IBAN code or the partner itself is from.
Entering IBAN and BIC on an invoice
On the invoice, these details can be added in the Customer Account menu. If all the details are already filled in the address book, there is no need to enter anything here. However, if the address book contains only an IBAN without a BIC and the country is outside the EEA, the BIC must be added here in order to include the invoice in a payment order.
Payment order
The payment order still checks whether IBAN and BIC are filled in when it is an international payment order, which is selected in the Order Type field:
Conditions for entering the BIC code
The BIC code does not need to be entered in the following cases:
The IBAN is from an EEA country
The IBAN on all items in the payment order is from the same country as the account country of the payment order — the bank's country on the Bank Information tab in the Money - List of Bank Accounts menu:
Conversely, if the format is SEPA, the IBAN on the items is from a different country than the account from which the payment order is being sent, or the country is outside the EEA, the application will display an error message:
