Dear Sirs,

Please be informed that starting from 31 October 2016, pursuant to Regulation (EU) No. 260/2012 of the European Parliament and of the Council of 14 March 2012, it will be no longer necessary to provide the BIC of a beneficiary’s bank while ordering payments for SEPA Credit Transfer. Following this date it will be the Bank that will always determine the BIC of a beneficiary’s bank based on a beneficiary’s IBAN provided by the client.
In the case of discrepancies between the BIC of the beneficiary’s bank and the IBAN account of the beneficiary that you provide in the SEPA Credit Transfer, the mBank will change the BIC of the beneficiary’s bank in your order on its own, based on the IBAN account of the beneficiary that you provided.

At the same time, please be advised that BIC codes of beneficiaries’ banks containing information on the branch (BIC characters from 9 to 11) are correct both when they contain these numbers and when they are provided in the form of the BIC of a bank’s head office (8 or 11 characters, ending with 'XXX').
 
 Kind regards,
Transactional Banking Department