SWIFT / BIC Code
LAPBLV2X
SEPA MemberMagnetiq Bank
LAPBLV2X is the BIC (SWIFT code) of Magnetiq Bank AS, registered in Riga. Its bank code is LAPB, the code an IBAN at Magnetiq Bank carries in positions 5 to 8. Its IBANs are 21 characters long. The bank receives SEPA Instant transfers and answers Verification of Payee name checks.
Check an IBAN from Magnetiq Bank
Prefilled with an illustrative Magnetiq Bank IBAN, not a real account. Paste any IBAN from Latvia to check it.
BIC Breakdown
LAPB: institution identifier (4 letters)
LV: country code per ISO 3166-1
2X: location code (city / timezone)
Bank Details
Payments it can receive
Magnetiq Bank's participation in the European payment schemes, from the EPC register of participants.
Verification of Payee lets the payer's bank compare the name typed on a euro transfer with the account holder's name. This page shows whether the bank takes part; ibanchecker.cash does not check names.
Sending money to an account at Magnetiq Bank?
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IBAN format for 🇱🇻 Latvia
Latvia IBANs are 21 characters long.
Frequently Asked Questions
What is the SWIFT code for Magnetiq Bank?
LAPBLV2X. Written with the head-office branch code it is LAPBLV2XXXX; both forms reach the same bank. A euro transfer within SEPA needs only the IBAN.
What does LAPBLV2X mean?
"LAPB" identifies Magnetiq Bank, "LV" is the country code for Latvia, "2X" is the location code.
What is Magnetiq Bank's bank code?
LAPB. It is the bank code in positions 5 to 8 of an IBAN from Latvia.
How long are Magnetiq Bank IBANs?
21 characters, like every IBAN from Latvia: the country code LV, two check digits, the bank code (4 letters, LAPB for Magnetiq Bank) and the account number (13 characters).
Can I send an instant transfer to Magnetiq Bank?
Yes. The European Payments Council lists Magnetiq Bank in SEPA Instant Credit Transfer since 6 December 2021, so an instant euro transfer from a participating bank reaches its accounts in seconds.
Does Magnetiq Bank confirm the payee's name?
Yes. It answers Verification of Payee requests (since 5 October 2025), so the payer's bank can compare the name entered with the account holder's name before a euro transfer is sent.
Where is Magnetiq Bank's registered office?
Riga Brivibas 54, LV-1011 Riga, according to GLEIF. The European Payments Council lists Brivibas Iela 54, Riga as its address.