Iceland

Payment Address

accountReference

IBAN (26) RegEx format: ^IS\d{2}\d{4}\d{2}\d{6}\d{10}$

routingCode

SWIFT BIC (8) or (11): xxxxISxx or xxxxISxxxxx RegEx format: ^[A-Z]{4}IS[A-Z0-9]{2}([A-Z0-9]{3})?$

bankCountry

IS

accountName

Only required if the name on the account differs to the Recipient name

Recipient

physicalAddress

Country, City, streetName and Postal Code are required

corporateName

Required if recipientType = “corporate”

firstName & lastName

First Name and Last Name if recipientType = “Individual”

Payout

paymentReason

Select Payment Reason Code from list below

buying_a_vehicle

Payment related to the purchase of a vehicle, such as a car or motorcycle.

buying_or_selling_a_business

Transactions involved in the acquisition or sale of a business entity.

buying_or_selling_shares

Payments related to the buying or selling of stocks or shares in financial markets.

donating_to_charity

Contributions made to a charitable organization for philanthropic purposes.

emigration

Payments associated with the process of permanently moving to another country.

family_support

Financial assistance provided to family members for their well-being or specific needs.

gift

Monetary transfers given as a present or token of goodwill.

inheritance

Funds received as part of an inheritance from a deceased person's estate.

living_expenses

Payments for day-to-day living costs, such as rent, utilities, and groceries.

medical_costs

Transactions covering medical expenses, including healthcare services and medications.

online_store_purchase

Payments made for goods or services purchased through online stores or e-commerce platforms.

paying_bills_or_mortgage

Settlements for regular bills or mortgage payments.

paying_business_invoice

Clearing invoices or bills related to business transactions.

paying_for_holiday_or_accomodation

Expenses for vacations, travel, or accommodation.

payroll

Salary disbursements for employees of a company or organization.

pension_or_superannuation_transfer

Transfers of funds related to pension or superannuation accounts.

professional_services

Payments for services provided by professionals, such as consultants or freelancers.

property_purchase_or_sale

Transactions involving the acquisition or sale of real estate.

repatriating_overseas_earnings

Repatriating Overseas Earnings

salary_transfer

Transfers of salary or wages between accounts.

tax

Financial transactions associated with taxes

tuition_or_school_fees

Payments for educational expenses, including tuition and school fees.

wedding

Financial transactions associated with wedding expenses and preparations.

other

Miscellaneous category for payments not covered by the specified reasons.