If you once in my life had to make transfers of funds to European countries, the concept of «IBAN code" is familiar to you.Call it necessary for registration of transfer of the sender.To find out the number IBAN, enough to come to any financial institution and to open a current account.Employees of some financial institutions can recommend the sender's SWIFT code, with which you can also get a translation.Then why is there a need for IBAN?What is it?And why is it not available in all banks?
Basics
We have determined that for the implementation of the international money transfer needs IBAN.What is it - let's find out.This code is the international number of the current account individual client.His draw up, in accordance with international standards, assigning account numbers for EU countries and some other states.
Since 2007, this code was unique identifier official account of the beneficiary, who make transactions through the transfer of funds to customers of the bank in the territory of the economic zone of the European Union, in any currency.Over time it was used, and other countries.Now the number of states that use code has grown to 62. But in Russia such a standard account does not exist in the banking system so banks and refused to extradite him.
Russian citizens IBAN account number may be necessary for the implementation of the money transfer to the EU from crediting the current account of the payee.For information about code informs the recipient himself, having asked about it at his bank.
Since 2007, banks have the right not to carry out the operation to transfer funds if the account number is not in the format of IBAN.However, this rule applies only to cases where the translation is done in foreign currency, and only in favor of persons served by the bank of the EU and EEC.Accordingly, sending money, for example, to France without IBAN-code, the sender will get them back because of the failure of the bank.Money back not in full, as the Bank will hold an amount equal to the return of the commission.
code structure
mission carries some meaning each letter and number in the IBAN.What this means, take a closer look:
- first two letters contain information about the country in which the beneficiary's bank;
- following two digits indicate the information about the unique number IBAN, which is obtained by calculation;
- next two digits carry information about the BIC-code of the institution;
- remaining digits are the number of the customer's account within the bank.
When necessary code IBAN?
Its presence necessarily during the payments and transfers for the benefit of persons residing in the EU countries and the EU, as well as some other states that already apply a similar standard accounts.And for remittances in Russia need it yet.
How to apply the code when making international operations?
Consider the case where the foreign partner sends to the address of your account where there is a traditional account number and IBAN.At an international payment instruction to better indicate the IBAN in the field designated for the account number of the recipient.Then the payment will be faster, as the document processing takes less time.It is worth noting that if the payment order is filled in electronically, it is advisable to introduce IBAN without spaces or extra characters.
Using an IBAN banking institutions of the Russian Federation
Transfers in favor of a citizen of the Russian Federation made without IBAN.It is enough to specify the SWIFT-code.
IBAN account should be indicated only if external transfers from the current account opened with the Bank of Russia.And he needed only if the payment goes to the address of the bank, located in the territory of the EU and the EEA or other countries which have also started to apply this standard accounts.
Which identifier is used for the transfer from the EU to the accounts of Russian banks
Earlier we wrote that if the cash is transferred from the EU and the EEA for the Russian account, the payment order does not indicate IBAN.What does it mean?So it is that the sender just need to indicate in the document that the transfer is not in the EU and beyond.
When sending money from Europe to the accounts of Russian banks are required to issue a payment order for external banking operations.At the same time there must be present the following types of information:
- SWIFT-code belonging to the receiving bank;
- customer's current account of the receiving bank.
How to find out the details for international operations with cash?
- information about the necessary details, which are specified in the payment documents in international translations are on the official websites of banking institutions.
- If you have an account opened at a banking institution of another State which is entitled to set IBAN, such as Privatbank, the code information can be found in the following ways: contact the bank branch via internet banking or by calling the "hotline. "
- in the banking system there is such a thing as an intermediary bank.It may use the services of banking institutions that are not able to directly make international banking transactions.For example, Alfa-Bank has signed with three financial institutions in Germany an agreement to have his clients had the opportunity to transfer funds to the State.Exactly how to implement an international transfer, you will prompt the bank's employees.
International payments with Sberbank
To make international payments to any of the countries (including EU Member States and EEA) through the Savings Bank in the payment order should bear the following information:
- name of the beneficiary bank;
- location of the branch, which serves the expense;
- full name of the account holder;
- his passport data, number TIN and CRR;
- BIC, correspondent account and the current account of the receiving bank.
may require additional details, can be found on the official website of the bank.IBAN Sberbank was not specified, but only because its nature does not exist yet.For international transfers Savings Bank uses only SWIFT-code, it should be called, and the sender means.In units that are located in different regions, SWIFT-code is also different.The information that is appropriate for you, can be found on the website of the bank.
Conclusion
After reviewing all the information, it became clear that an IBAN bank and its function in the banking system.Such a single standard account can do the processing of payments made by banks EU and EEA, and reduce errors when specifying details as sending bank funds can check the correctness of the account number to make a payment.
