FEB 1: IBAN is mandatory as of today: It’s easy to remember the structure – Augsburger Allgemeine

IBAN instead of the account number: As of today, the use of the 22-digit IBAN for transfers or direct debits duty. The most important answers to

Today, February 1 is the day:. For transfers or direct debits no longer bank account details are specified. Consumers must instead 22-digit International Bank Account Number – IBAN short – call. But what does this mean in practice? Important questions and answers:?

Why must use the IBAN consumers

 

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The number is part of the transition to the Single Euro Payments Area (SEPA) in Europe. Between national and cross-border euro payments will no longer distinguished. Companies had two years ago their methods change, now consumers are off.

How can I remember my IBAN?

You need to really only the country code and the check digit noted. Everything else – ie account number and bank – You already know. . Detailed instructions can be found here

What happens to the BIC

The international bank code BIC – also known as Business Identifier Code – is usually eight to eleven digits. They must be given from the date only in cross-border payments outside the European Economic Area. For all domestic transfers them deleted.

Where can I find my IBAN?

The IBAN is issued by the bank holding the account. It is found for example on the account statement or the new bank cards. Those who do not have his number to hand, you can use an IBAN converter on the Internet, says the Association of German Banks. Many banks offer such a converter on their homepages. There Consumers must enter your bank routing number and account number.

What happens when consumers indicate the IBAN wrong?

Zahlendreher in number are, according to the Bankers Association actually impossible. By check number they are automatically recognized. If the IBAN does not exist, the transfer does not go out. The situation is different if the consumer inadvertently specify the IBAN of the wrong recipient – so use a person’s number for which the payment was not intended. For the exporting Bank can not be held liable, as a rule, explain the Verbraucherzentrale Nordrhein-Westfalen. The person concerned must enforce repayment in court at worst.

Can consumers old remittance slip still use?

No. Banks can no longer accept old remittance slip. The Bankers Association advises consumers therefore, they no longer use. Will they nevertheless submits, the transfer will not be executed. Remembers the customer this is not in time, this can lead to missed deadlines. When online banking old national account numbers can no longer be entered. Here, the input masks of financial institutions are converted automatically.

What is true for direct debits and standing orders?

As a rule, nothing changes for bank customers. Because the companies have changed their methods already about two years ago, informed the Association of German Banks. Also standing orders have the deposit-taking institution, the Standing Orders already been converted into a rule. Customers therefore do not need to be active.

Are old bank cards yet?

The introduction of the IBAN has on the validity of the bank cards can not influence. They continue to function. (AZ)

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