What information about the recipient do I need?

You need the recipient’s bank account information. In Europe, each bank account has an IBAN number associated with it. IBAN is very common in Europe and your recipient will have it readily available. All you need is the recipient’s name (or business on institution name) and the recipient bank account’s IBAN number. The IBAN has all the information we need to make the payment swiftly. An IBAN number is a number with 15 to 34 characters which can be numbers or letters. For example, DE75512108001245126199 is an example of an IBAN number in Germany.