SWIFT/BIC code VBINISR1XXX
VBINISR1XXX belongs to Vbs Investment Bank in Reykjavik, Iceland.
Code details
| SWIFT/BIC code | VBINISR1XXX |
|---|---|
| 8-character code | VBINISR1 |
| Branch code | XXX |
| Bank | Vbs Investment Bank |
| Branch | Head office |
| City | Reykjavik |
| Country | Iceland |
How the Vbs Investment Bank SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- VBIN Bank code
- 4 letters that identify the bank.
- IS Country code
- 2 letters for the country (ISO 3166).
- R1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank is behind BIC VBINISR1XXX?
VBINISR1XXX is the SWIFT/BIC code of the headquarters of Vbs Investment Bank in Reykjavik, Iceland. Use it when you send money to an account at Vbs Investment Bank.
What happens if I enter VBINISR1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check VBINISR1XXX with the recipient before sending.
Does Vbs Investment Bank use only one SWIFT/BIC code?
Yes – VBINISR1XXX is the single SWIFT/BIC code we have for Vbs Investment Bank in Iceland, so you do not need to pick a branch code.
What do the letters in VBINISR1XXX mean?
VBIN is the institution code of Vbs Investment Bank, IS is the ISO code of Iceland, R1 is the code for the city or region and XXX means the main office.
Is VBINISR1 and VBINISR1XXX the same code?
Yes, they are. VBINISR1 is the 8-character version of VBINISR1XXX. The XXX at the end only refers to the head office, so both routes your payment to Vbs Investment Bank in Reykjavik.
Do I need VBINISR1XXX for a euro transfer to Iceland?
Iceland is part of the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you do need VBINISR1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.