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"A SWIFT code is used to identify a specific bank during international transaction, whereas IBAN is used to identify an individual account involved in the international transaction. Both play an essential role in ensuring the smooth running of the international financial market." - Google Uncle
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"identify a specific bank" or branch? it will be same for all branches of a bank?
Will show the address of the bank's headquarters rather than your local branch. Your bank will then use your account number to get your funds to you
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you need to be very very careful in providing IBAN number for money transfer. a single digit or alphabet can cause problems and money can be transferred to someone else's account.
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