Albania: SWIFT/BIC Codes & Payment Info

In November 2024 European Union has accepted Albania into SEPA zone, however certain time is required to roll-out implementation. Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). For additional information, please refer to www.bankofalbania.org.

Country Requirements/Restrictions

For tax payments, the taxpayer must provide a declaration form to the beneficiary bank.

Payment Formatting Rules for ALL

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is key to routing payments to the beneficiary bank and consists of 8 or 11 alphanumeric characters: xxxxALxx or xxxxALxxxxx. There are no specific bank clearing codes for cross-border payments in Albania.
• Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Albania must be included in the payment instructions.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended. For utility payments, include the client's name, month of the utility bill, and contract number of the subscriber. For tax payments, the FDP (payment order document generated by Tax Office system) is required. For custom fee payments, the NIPT (tax identification number) is required.