Supplier Bank Account

The following table contains information regarding the type of financial information required for organizations, by country/region. This information is used to make payments.
Input fields depend on the selection made in the Bank Country drop down. You must also enter the following:
  • Bank Name
  • Account / Beneficiary Name - This value is the supplier organization's legal name.
  • Type of Account - Checking or Savings.
    Note:
    If you select 'Sweden' from the Bank Country drop down, you can select Giro, PlusGiro, or OCR as well. See the below table for input details.
    Note:
    If you select 'Netherlands' from the Bank Country drop down, 2 sections appear: G Account and C Account (optional). See the below table for input details.
  • Authorization - Selecting the checkbox authorizes Magnit Global to make direct deposits to the configured bank account.
Table 1. Financial Data Fields
Region Field Format
SEPA SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 characters - country code (A-Z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: RAIFCH22XXX (Switzerland).
IBAN Required. Format is:
  • Alphanumeric only
  • 15 to 34 characters
    • 2 characters - country code (A-Z)
    • 2 characters - check digits (0-9)
    • Bank code, length depends on country (A-Z, 0-9)
    • Branch Code, length depending on country, optional.
    • Account number, length depends on country.
  • Example: AD1200012030200359100100 (Andorra)
MENA SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 characters - country code (A-Z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: EBILAEADXXX (Emirates).
IBAN Required. Format is:
  • Alphanumeric only
  • 15 to 34 characters
    • 2 characters - country code (A-Z)
    • 2 characters - check digits (0-9)
    • Bank code, length depends on country (A-Z, 0-9)
    • Branch Code, length depending on country, optional.
    • Account number, length depends on country.
  • Example: KW81CBKU0000000000001234560101 (Kuwait)
Account Number Required. Numeric values only, 7 to 12 digits.
Sub-Saharan Africa SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 characters - country code (A-Z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: SBZAZAJJXXX (Eswatini).
Account Number Required. Numeric values only, 7 to 12 digits.
Countries without IBAN SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 characters - country code (A-Z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: AXISINBB (India).
Account Number Required. Numeric values only, 8 to 24 digits.
United States Account Number Required. Numeric values only, maximum 17 digits.
ABA/Routing Number Required. Numeric values only, 9 digits only.
Sweden SWIFT Code Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character country code: SE
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: SWEDSESSXXX (Sweden).
IBAN Required. Format is:
  • Alphanumeric only
  • 24 characters
    • 2 character country code: SE
    • 22 characters - check digits (0-9)
  • Example: 0000012345678910 (Sweden)
Enter Bankgiro Available if Type of Account is 'Sweden'.
Required. Format is:
  • Numbers only
  • 7 or 8 digits only
  • No leading zeros

Example: 1234567
Enter Plusgiro Available if Type of Account is 'Sweden'.
Required. Format is:
  • Numbers only
  • Minimum 2 digits, maximum 8 digits
  • No leading zeros

Example: 45678
Enter OCR Available if Type of Account is 'Sweden'.
Required. Format is:
  • Numbers only
  • Minimum 3 digits, maximum 25 digits
  • No leading zeros

Example: 45678
Netherlands SWIFT Code Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character country code: NL
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: ABNANL2AXXX (Netherlands).
IBAN Required. Format is:
  • Alphanumeric only
  • 18 characters
    • 2 character country code: NL
    • 2 digit check number (0-9)
    • 4 character bank code (A-Z)
    • 10 digit account number (0-9)
  • Example: NL89BANK0123456789 (Netherlands)
Canada SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character country code: CA
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: ROYCCAT2XXX (Canada).
Account Number Required. Numeric values only, 7 digits only.
Bank Code Required. Numeric values only, 3 digits only.
Branch Code Required. Numeric values only, 5 digits only.
United Kingdom SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: ABBYGB2L (UK).
IBAN Required. Format is:
  • Alphanumeric only
  • 18 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code (A-Z, 0-9), length varies by country
    • Branch code, varies by country (if applicable)
    • Account number (0-9), length varies by country
  • Example: GB15HBUK40127612345678 (UK)
Account Number Required. Numeric values only, 8 digits only.
Sort Code Required. Numeric values only, 6 digits only.
Denmark SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: SXPYDKKKXXX (Denmark)
IBAN Required. Format is:
  • Alphanumeric only
  • Up to 34 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code, varies by country
    • Branch code, varies by country (if applicable)
    • Account number varies by country
  • Example:
  • DK5000400440116243 (Denmark)
Account Number Required. Numeric values only, 10 digits only.
Bank/Branch Routing/Sort Code Required. Numeric values only, 4 digits only.
Norway SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: DNBANOKK (Norway)
IBAN Required. Format is:
  • Alphanumeric only
  • Up to 34 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code, varies by country
    • Branch code, varies by country (if applicable)
    • Account number varies by country
  • Example:
  • NO9386011117947 (Norway)
Account Number Required. Numeric values only, 6 digits only.
Bank/Branch Routing/Sort Code Required. Numeric values only, 4 digits only.
Finland SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: DABAFIHH (Finland)
IBAN Required. Format is:
  • Alphanumeric only
  • Up to 34 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code, varies by country
    • Branch code, varies by country (if applicable)
    • Account number, varies by country
  • Example:
  • FI2112345600000785 (Finland)
Account Number Required. Numeric values only, 7 to 12 digits.
Memo/Reference Required. Numeric values only, 4 to 20 digits.
Poland SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: BREXPLPW (Poland)
IBAN Required. Format is:
  • Alphanumeric only
  • Up to 34 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code, varies by country
    • Branch code, varies by country (if applicable)
    • Account number varies by country
  • Example:
  • PL61109010140000071219812874 (Poland)
Bank Sort Code Required. Numeric values only, 8 digits only.
Account Number Required. Numeric values only, 16 digits only.
Americas SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: BCINPAPA (Panama)
Account Number Required. Numeric values only, 7 to 12 digits.
European Union SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: AIBKIE2D (Ireland)
IBAN Required. Format is:
  • Alphanumeric only
  • Up to 34 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code, varies by country (A-Z, 0-9)
    • Branch code, varies by country (if applicable)
    • Account number varies by country
  • Example:
  • RO49AAAA1B31007593840000 (Romania)
Account Number Required. Numeric values only, 12 to 30 digits.
Mexico SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: BIMEMXMM (Mexico)
Clabe Required. Format is:
  • Alphanumeric only
  • 18 digits
    • 3 digit bank code (0-9)
    • 3 digit branch code (0-9)
    • 11 digit account number
    • 1 digit check number
  • Example:
  • 012345678901234567 (Mexico)
Costa Rica SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: BXBACRSJ (Costa Rica)
IBAN Required. Format is:
  • Alphanumeric only
  • Up to 34 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code, varies by country
    • Account number varies by country (if applicable)
  • Example:
  • CR05015202001026284066 (Costa Rica)
Beneficiary Tax ID Number Required. Numeric values only, 9 to 12 digits.
Bank Routing Code Required. Numeric values only, 9 digits only.
APAC with IBAN SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
IBAN Required. Format is:
  • Alphanumeric only
  • Up to 34 characters
    • 2 character country code
    • 2 digit check number (0-9)
    • Bank code, varies by country
    • Account number varies by country (if applicable)
Account Number Required. Numeric values only, 7 to 12 digits.
APAC SWIFT/BIC Required. Format is:
  • Alphanumeric only
  • 8 or 11 characters
    • 4 characters - bank code (A-Z)
    • 2 character - country code (A-z)
    • 2 characters - location code (A-Z, 0-9)
    • 3 characters - branch code, optional (A-Z, 0-9)
  • Example: DBSSSGSG (Singapore)
Account Number Required. Numeric values only, 7 to 12 digits.