IBAN stands for International Bank Account Number. It's basically the same as your regular bank account number, but added a country code and some check/validation numbers. It's widely used in Europe with mandatory in most European countries for International payments. It's optional in many more countries. And some countries just use the regular account number and don't have any IBAN. SWIFT is a code that identifies the bank your account is with. So it's like an ID number for the bank. Just giving that code all other banks will know exactly what bank that is, find the name and address etc. And can send the payment to that bank. You'll usually find both on your bank statement. You can also ask at your bank and they'll give it to you. You'll probably also find your banks SWIFT code on their website. Some banks also offer an IBAN calculator on their web pages, type in your account number and it will display the IBAN (and the swift since it knows you'll need both). Edit: A word.(Phone auto correct...) More on reddit.com

When it comes to IT systems, there are usually two different kinds of IDs in play. Internal IDs are simply numbers that uniquely identify a specific row of data in a list. So a bank would have a list in their database of all transactions involving any of their accounts, and whenever a new transaction is made, the ID of the previous transaction is incremented by one and assigned as the ID of the new one. The row might then also include fields containing ID numbers of other things, such as the row in a list of bank accounts that contain the specific bank account involved in the transaction. These internal IDs are usually not something you want to show directly to people in most cases, since they implicitly leak information about the database they are used in. If you could see the internal ID of your own transactions, you could see how many other transactions the bank had handled between any two of yours, for example. Reference IDs are usually used when you want to uniquely identify one of these rows to someone else without leaking information in the process, and is most easily done by generating a string of random numbers and letters, then storing them in a list with the internal ID they correspond to after checking that the reference ID hasn't already been used before. (If it has, you'd try to generate another one, but collisions like these are unlikely to begin with). Banks are never going to hand you cash just because you hand them a piece of paper with some reference IDs however. For that to happen, you need to a) identify an account at their bank that you want to withdraw money from, b) verify to their satisfaction that you are the owner of that account and c) the account has to actually contain the amount you want to withdraw. They check all of these things against their own system, and if there is a dispute between what their system says and what you say, they'll tell you to go file a complaint with customer support at best, and call the police at worst. More on reddit.com

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Receive money from overseas with wire transfers You can receive money from around the globe through a wire transfer. Just provide the sender with some of your banking details, and the money will land in your account within days. Here’s the information you’ll need to give to the sender: Your account number Your BMO branch phone number, address and transit number (this usually the branch where you open the account and not the one you bank at if you have moved) Your bank’s name: Bank of Montreal BMO’s institution number: 001 BMO SWIFT BIC (if the money is coming from overseas): BOFMCAM2 For wire transfers coming from the U.S., you’ll also need to include: Correspondent bank: Wells Fargo Bank, N.A., New York SWIFT Code: PNBPUS3NNYC ABA: 026005092 More on reddit.com