Hi,
May I know the difference for 2 BIC code on the ISO20022 configuration panel? I have them highlighted in the attached screenshot.
Which one I should use to set up for International Wire Payment?
Thank you.
Hi
I am not sure about the difference. I read about it and it looks like BICOrBEI field under creditor identification arose from ISO 9362 standard.
For WIRE payments I am using predefined BIC codes (tbwBankIdentifierCode) and works properly. So i recommend you to use IBAN number in Creditor Account field and enter BIC code in bank details. For some countries you may need to use BBAN and clearing system member fields.
Good luck
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