Frequently Asked Questions

1. Where can I find the data of transaction account of the legal entity or private individual?
2. Business partner wants that I send him my IBAN and BIC of my bank. What is IBAN, where can I find it, who needs it and why? What is BIC?
3. To what extent are Slovenian customers familiar with the IBAN and BIC?
4. To what extent have Slovenian banks implemented this particular STP standard with respect to international payments?
5. May legal entity ask for two different IBANs at a single bank or is allowed to open only one IBAN?
6. On the web page "Bank of Slovenia, Banks, Savings Banks and other Financial institutions (Addresses and Accounts)", there is a list of all Slovenian banks, savings banks and savings co-operatives, marked with the two-digit identifications of their head-offices. Where could I find the list of the banks’ organisational units?

1. Where can I find the data of transaction account of the legal entity or private individual?

Transaction account data of a legal entity or private individual can be found on the following web site: Register of transaction accounts.

2. Business partner wants that I send him my IBAN and BIC of my bank. What is IBAN, where can I find it, who needs it and why? What is BIC?

IBAN is the abbreviation for International Bank Account Number and means enlargement of the transaction account which customer holds at the bank (For further information, please refer to the web side Transaction account structure). A transaction account is enlarged by the 2 digit ISO code of the country and an additional 2 check digits which enable automated processing of cross-border payments. Each transaction account holder receives IBAN at his bank or finds it on the web site of the Bank of Slovenia: Register of transaction accounts. Business partners inform their bank about their IBAN in order to enable the bank to channel the payment transaction to the country and the bank of the beneficiary, the latter automatically making the posting to the transaction account of the beneficiary.

BIC is the abbreviation for Bank Identifier Code. Each bank included in the interbank telecommunication network S.W.I.F.T. has its own BIC. This code has 8 characters (11 characters when the BIC holder is a subsidiary bank). The BIC is composed of a 4 digit bank code, 2 digit ISO country code and an additional 2 digit code. For example: The BIC of Nova Ljubljanska banka d.d. is LJBASI2X. The BIC of all banks are on the web site Banka Slovenije: Banks, Savings Banks and other Financial institutions (Addresses and Accounts). The BIC is needed by the bank of its customer’s business partner to channel the payment transaction through the SWIFT network quickly and corrrectly. The domestic holder of the transaction account receives his BIC at his bank.

3. To what extent are Slovenian customers familiar with the IBAN and BIC?

All Slovenian bank customers have their bank accounts IBAN structured. Banks are obliged to draw customers’ attention to this matter and to communicate their own BIC to them in the statements of their account.

4. To what extent have Slovenian banks implemented this particular STP standard with respect to international payments?

Slovenian banks are S.W.I.F.T. participants and the use of IBAN/BIC is obligatory to be indicated on S.W.I.F.T. payment order MT103+ and is used for international payments too if all conditions are fulfilled.

5. May legal entity ask for two different IBANs at a single bank or is allowed to open only one IBAN?

Legal entities may hold several IBANs at a single bank, but it seems not to be much reasonable, as banks offer them so-called ‘multy-currency accounts’ for maintaining funds in several foreign currencies.

6. On the web page Banks, Savings Banks and other Financial institutions (Addresses and Accounts), there is a list of all Slovenian banks, savings banks and savings co-operatives, marked with the two-digit identifications of their head-offices. Where could I find the list of the banks’ organisational units?

The Slovenian IBAN structure is composed of 19 digits. In the IBAN structure, the 5th and 6th position are reserved for the two-digit head-office of the bank, savings bank or savings-co-operative. Following three positions are reserved for the organisational units of the bank, savings bank or savings co-operative.

In the case the bank, savings bank or savings co-operative has not styled its organisational units separately, there are three zeros in this place. The list of organisational units is not publicly available; this information must be obtained from the bank or savings bank individually.