Advice please


#1

I want someone in the Netherlands to pay some money they owe me from their Dutch bank account into my Revolut euro account. Do I just give them the IBAN and BIC from my Revolut Euro account?
There seem to be local and swift transfers mentioned there but the IBAN and BIC information is the same for both. What is the difference between local and swift?

Thanks for any clarification.


#2

There is no difference.
I can’t completely recall if SWIFT was different before they simplified the account details but it is redundant now.


#3

they used to be different, but the virtual IBAN we got now handles both.


#4

So it is just as simple as giving them the IBAN and BIC.

Thanks for your help both