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38 votes

High conversion fee for failed bank transfer

It isn't a simple reversal, because money actually changed hands when the transfer was made. When the transfer was made 50,000 Euros was credited to a UK bank, and some number of kronor was debited ...
DJClayworth's user avatar
  • 33.8k
33 votes
Accepted

Umlaut Character in Account Holder Name (German Bank)

I am from Germany and occasionally avoid Umlauts because I use a non-German keyboard layout. So I might share some experience here. Usually, the German financial institutions are ok with ue, ae, oe, ...
Dennis's user avatar
  • 354
22 votes

Umlaut Character in Account Holder Name (German Bank)

Chances are umlauts are ignored/implicitly converted anyway. SWIFT symbols It is important to remember that cross-border payment form can only be filled in with SWIFT symbols. If illegal ...
0xFEE1DEAD's user avatar
  • 8,498
11 votes

High conversion fee for failed bank transfer

Most likely this will be an expensive lesson to learn. However, I believe there still is a chance to recover some of the difference, since your wording of "my Swedish bank" and "my UK bank" implies ...
TTT's user avatar
  • 47.2k
9 votes
Accepted

Can an IBAN be reallocated to someone?

Afaict this will likely vary by country and/or bank. IBANs are kind of like international phone numbers in that they are globally unique but the structure is country dependent. The first two ...
Peter Green's user avatar
  • 2,954
9 votes
Accepted

Is it really risky to make your IBAN public?

Apparently it varies between countries/banks. You should probably contact your bank and ask them. There's a bit more information on this post. In there someone commented that in Germany you can make ...
Telecentrosorete's user avatar
8 votes

Is it really risky to make your IBAN public?

At least in Europe it may open a way to Direct Debit your account. Jeremy Clarkson had the same question as you but pushed it to an extreme. Direct Debit officially requires you (the owner of the ...
WoJ's user avatar
  • 1,210
8 votes

Is there an IBAN for US banks?

US has not adopted IBAN. It is only European Union and few other countries. See the relevant wiki page. You just need to give the ABA code (bank code) with account number
Dheer's user avatar
  • 57.1k
7 votes
Accepted

I've come across IBAN & SWIFT numbers of a large international healthcare organization (in a publicly accessible document). Anything I should do?

Neither IBAN nor SWIFT numbers are secret information, they merely allow people to send money to those identified bank accounts and not to withdraw money from them. If there is personal data of ...
Vicky's user avatar
  • 24.1k
6 votes

Umlaut Character in Account Holder Name (German Bank)

Replace ä with ae, ö with oe, ü with ue, and ß with ss. If possible, use the correct letters. It may not be printed on the keyboard, but for example on a Mac, you press and hold the a key and after ...
gnasher729's user avatar
  • 23.4k
6 votes

Picking up money for someone else on Moneygram ? Is it safe?

Don't pick up the money. It doesn't matter how much it's for, but the general rule is: if it feels like you shouldn't be doing it... then you shouldn't. Whilst it might not be a scam, it's likely ...
dvniel's user avatar
  • 1,217
5 votes

High conversion fee for failed bank transfer

What the bank 'should' have done is a question of law, but I will point out that the reason for the rejection was not the bank's error, it was yours / the payee's [which, in the bank's eyes, is still ...
Grade 'Eh' Bacon's user avatar
4 votes
Accepted

Infer SWIFT/BIC code from IBAN?

No it is not possible. They are totally different. In UK part of the BIC is part of IBAN. But other countries it is totally different.
Dheer's user avatar
  • 57.1k
4 votes

Sent wrong payment to right IBAN but wrong SWIFT. What will happen now?

The bank number is part of the IBAN number, so the SWIFT code is actually redundant. It is still required for international payments because every country has its own payment infrastructure. The SWIFT ...
Philipp's user avatar
  • 24k
4 votes
Accepted

Wire transfer money in the UK using only IBAN

I ended up just trying. I gave A the IBAN of B's account, which I calculated online based on the bank code and account number (because B claimed IBAN won't work, so didn't give it to me), and B's name....
texnic's user avatar
  • 193
4 votes

Umlaut Character in Account Holder Name (German Bank)

Is there any other words that are equivalent with ü (read: u with umlaut), that in some way the correspondent bank will accept it and it's world-wide accepted? For names, especially in international ...
Raffzahn's user avatar
  • 141
4 votes
Accepted

What happens to IBAN if the code owner dies?

When someone dies, then their bank account does not get terminated immediately. First the bank does actually need to get notified of the death, which in many countries does not happen automatically. ...
Philipp's user avatar
  • 24k
4 votes
Accepted

IBAN to SEPA converter

This leads me to believe that perhaps IBAN is not the same as SEPA. IBAN And SEPA are indeed not the same - but not in the way you think. They indicate TOTALLY DIFFERENT THINGS. IBAN is an ...
TomTom's user avatar
  • 11.5k
3 votes

Can a transfer go through if the IBAN and SWIFT is correct, but the beneficiary name is wrong?

In my experience with German banks, most probably yes. (I successfully receive payments on an account in my name [more or less mistakenly] giving my business description* without my name, I've ...
cbeleites's user avatar
  • 2,974
3 votes

What is the IBAN of this Serbian account?

Wikipedia states that the Serbian IBAN format is: RSkk bbbc cccc cccc cccc xx Wikipedia states that bbb is always 35, but other sites make it clear that kk is always 35 for Serbia. bbb is a bank ...
Eric's user avatar
  • 3,642
3 votes
Accepted

Last 3 Digit Swift Code Entered Wrong Branch Than It Should Be. What should i do?

"But, they said they still haven't got any payment" how long are you talking? And what destination country? It's normal in some cases for banks to hold it for a few days. (Say, 3 max.) (They ...
Fattie's user avatar
  • 13.8k
3 votes
Accepted

Transferred money to the correct IBAN; however, probably specified an incorrect SWIFT code and the message not included in the receipt

The trailing 'XXX' is quite normal. The length of SWIFT/BIC codes is typically filled to the full length by X, if the bank uses no subcodes for their various locations. if there is an issue, it ...
Aganju's user avatar
  • 37.7k
3 votes

What is my SBI IBAN number?

IBAN (International Banking Account Number) is your account number only. But in this case, you need SBI Branch SWIFT code (not IFSC code, IFSC code is applicable only in India) for international ...
Chirag Jain's user avatar
3 votes

Should I enter spaces when entering the IBAN for online transactions?

The spaces are not part of the number and are just used to group digits. Some websites allow you to type the spaces and will remove them automatically, other sites consider spaces invalid. Don't ...
amon's user avatar
  • 2,447
3 votes
Accepted

periodically change the IBAN number (of the payment account) for more privacy?

It doesn't provide any material benefit. It is more private, but excessive. When thinking about the "attack surface" you have to think in terms of the government and private hackers and ...
CQM's user avatar
  • 20.2k
3 votes

What is the IBAN number of an account in Canada?

There's no 1:1 translation from SWIFT to IBAN, these are different systems with different identifiers. Canadian banks do not use IBANs, so you'll need to use the SWIFT attributes to make a wire ...
littleadv's user avatar
  • 178k
2 votes

How to wire transfer from Europe to a CIBC account please?

Based on experience I think "BSB" is for Australia only. In fact, if you glance at wikipedia - it does say that. https://en.wikipedia.org/wiki/Bank_state_branch (Wikipedia is often totally wrong, ...
Fattie's user avatar
  • 13.8k
2 votes

IBAN money transfer, safe transaction

No. Payment and product are separate things. You can't guarantee that you get a perfect product with a cash payment at a store either (much less with a private seller). A bank transfer is just a bank ...
xyious's user avatar
  • 2,778
2 votes

Is BIC really needed for TransferWise transfers?

Any transaction using SWIFT network needs BIC. Most international transfers work on SWIFT.
Dheer's user avatar
  • 57.1k
2 votes

Seemingly unmatched BIC and the national bank code on the statement of my account

First one (COBADEBB) is the SWIFT Code for COMMERZBANK AG in BERLIN, while the second is the SWIFT Code of COMMERZBANK AG in FRANKFURT AM MAIN. For more information check ISO 9362 (https://www.iso....
Martin Stefanov's user avatar

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