The Internet can be a scary place. And we worry about safety, and security, and putting our money in the hands of others always comes with questions. No problem! Fonmoney is here to answer those questions!
What is the IBAN?
IBAN stands for International Bank Account Number. When the SEPA was introduced, the IBAN replaced the old format account number. It is the international version of the account number, and helps us carry out financial transactions across borders. For more information on the SEPA, please click here.
Why does the IBAN look like it does?
The countries vary slightly, but we have laid it out using the United Kingdom.
GBcc bbbb ssss ssaa aaaa aa
c - check code
b - bank code
s - sort code
a - account number
Where can I find it?
Since the IBAN is necessary to make any international transfers, you definitely need to know where to find it!
First check the documentation you received from the bank when opening your bank account. Usually the IBAN is right there in the contract. If you can’t find it, there are calculators online, or you could even call your bank. If you are a user of online banking you can also find the IBAN directly in your personal account.
If you have any other questions about IBAN or anything else please do not hesitate to contact us at [email protected]