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The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.
4
votes
two letter equivalent (UE for you)
The account holder name is as important as the IBAN. When the receiver bank checks the IBAN and its account holder name is different with the one I specified in … the transfer, they won't accept the transfer and my money will get stuck and it's taking forever to (maybe) get the money back to my home country bank account.
The introduction of IBAN by EU law did …
answered Aug 27 '18 by Raffzahn
