International Banking Information

Introduction

Rakuten Advertising requires that every publisher have an account with a bank that has a business identifier code (BIC). Additionally, publishers based in the European Union (EU) are required to have an international bank account number (IBAN), in addition to the bank BIC.

 Warning

You will not receive commissions if your bank does not have a BIC or if you are an EU-based publisher who does not have IBAN and BIC.

Find out if your bank already has a BIC

International Funds Distribution

Depending on your location, it can take anywhere from 4 to 12 business days to deposit the funds into your account using international direct deposit.

Country of Declaration and Funds

Due to governmental restraints and taxation laws, we are unable to send payments to any country other than the one declared in your account.

BIC

The business identifier code uniquely identifies the bank, the country, the town or city, and the branch of the banking institution.

The International Organization for Standardization (ISO) has designated the Society for Worldwide Interbank Financial Telecommunication (SWIFT) as the BIC registration authority, so the BIC is sometimes also known as the SWIFT code.

A BIC can be either 8 or 11 characters long.

IBAN

IBANs are a way of identifying bank accounts internationally, allowing for international payments to be processed quickly. When you send money abroad, an IBAN identifies the recipient to ensure the funds reach the right account.

SWIFT is the formal registrar of the IBAN system.

Structure of IBANs

A typical IBAN contains 28-34 characters. Below you will find a detailed breakdown of the IBAN structure. 

Example of IBAN

"CCKKBBANDDNNNNNNNNNNNNNNNN"

  • The first two 2 characters ("CC") specify the country code in ISO 3166-1 alpha-2 format. Only letters.
  • The next 1-2 characters ("KK" or “K”) specify the check digits, used to confirm the integrity of the code. Only digits.
  • The next characters are the 4-digit branch code and specify the Basic Bank Account Number (“BBAN”). The format is decided by the national central bank or designated payment authority of each country. Both letters and digits are allowed.
  • 1-2 digits check digit (“DD”)
  • 16 digits account number (“NNNNNNNNNNNNNNNN”)

If you have further questions about BIC or IBAN, contact Customer Support.

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