BIC from IBAN derivation rules for Greece
According to Regulation (EU) 260/2012, as from 1 February 2016 PSUs (Payment Service Users) will no longer be required to indicate the BIC (Business Identifier Code ) of the payee’s PSP (Payment Service Provider ) in order to execute payment transactions in the form of credit transfers or direct debits. As from 1 February 2016, PSUs will be required to indicate only the IBAN (International Bank Account Number) of the payee. It should be noted that PSPs will still be required to indicate the BIC of the account to be debited or credited when processing payment transactions in the interbank space.
In view of this “IBAN only” rule and to facilitate payment service users, a Table listing the BICs of payment system providers operating in Greece along with the corresponding Bank Identifier (positions 5-7 of a Greek IBAN) can be found in the following link.
The table will be updated whenever a change occurs.
Please address email for queries/comments:
Bank of Greece
Payment and Settlement Systems Department
Funds Transfers and Infrastructure Study Section
341 Messogion Ave.
15231 Halandri (ATHENS)
Fax: +30 210 3244642
Yorgos Korfiatis Iraklis Papageorgiou
Tel: +30 210 6799781 Tel: +30 210 6799784
email: firstname.lastname@example.org email: email@example.com