How can someone transfer money into my account?

You can provide your BIC and IBAN to someone who wishes to send you money. They can use your BIC and IBAN to send funds from their bank account. Online banking transfers tend to be the cheapest and easiest option if their bank offers this service.

What you need to do

Provide your BIC and IBAN to the person making the transfer - Where can I find my BIC & IBAN?

Ask them to use a reference on the transfer so you can recognise it when it appears in your account.

They need to set you up as a payee using their own bank's online banking services.

Do they need to use online banking?

Online banking transfers tend to be cheaper and easier than visiting a branch to make a transfer or lodgement. There are however many other option available for making lodgements to your account.

Last updated: July 02, 2019

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