Depending on the type of transfer you’re instructing, you will need different information. The most common requirements are both sender’s and receiver’s names, as well as bank account details. For instance, for SWIFT transactions, you’d need a SWIFT/BIC code. For SEPA transfers - IBAN (International Bank Account Number). The required details also change from country to country. In the US, for example, you’d need a routing number to make a domestic transfer.
Currently, there are a few ways to make a money transfer to the bank account of another person. We just mentioned SEPA and SWIFT transfers above. You can send them even from an application on your smartphone or from mobile banking. To make a wire transaction, you will most likely need to visit a bank’s branch. Finally, to make a transfer with an e-wallet, you will also need an application.