Payment from Belgium bank to UK.
Missed last 2 digits from IBAN in receiving UK account.
Will the payment get bounced?
Money is shown as being reserved?
Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It only takes a minute to sign up.Sign up to join this community
Every destination country has its fixed IBAN length. If the IBAN has the wrong length, the payment won't go through and will eventually be reversed.
Even if the IBAN length won't be checked, it will in most cases disturb the checksum, and the number is invalid as described before.
The chance that the modification doesn't alter the checksum (position 3 and 4) is 1:97, so in very few cases the payment could go through to a wrong account number.
You need to phone your Belgian bank immediately.
IBANs are a mess, for example if you leave off the two digits of the bank part up front it can still be kind of valid at the other end. It's pathetic that they allowed you to enter an invalid IBAN but it's a common enough problem.
In answer to your question it will not unfortunately get bounced back to you, unless you intervene in the most aggressive way possible
It's unlikely you will ultimately "totally lose" you money, but it's not unknown and can happen. You have to get on to the bank this morning, aggressively
It's gonna take a surprisingly long time to resolve, be aware if you're doing something urgent.