Accepting Wire Transfer Payments

IrDA · 04-29-2007

A person is sending me Wire Transfer for some services he got from me but his bank asks for IBAN but my bank doesn't provide such thing? I have also received Wire Transfer in past but it never required such thing, is this something new implemented?

toukmaria · 04-29-2007

IBAN is something that has been implemented to facilitate wire transfer.IF you do not have it then you can give your account number and the swift code of your bank.That's how it works at my local bank.
They use both IBAN and Swift code.

IrDA · 04-29-2007

Ah ok, Thanks for your answer. Also I read in an article just now that IBAN is used in Europe only and I am in Asia. Ok, If I give simple account number, it will be same thing.. Gonna try it now..Thanks once again..

mike4rd · 04-30-2007

Yes, as toukmaria has mentioned, Swift code will work worldwide.
I've used it for payments in many countries.

04-29-2007	#1 (permalink)
IrDA Senior Member Join Date: Apr 2007 Posts: 275 Rep Power: 2	Accepting Wire Transfer Payments A person is sending me Wire Transfer for some services he got from me but his bank asks for IBAN but my bank doesn't provide such thing? I have also received Wire Transfer in past but it never required such thing, is this something new implemented? __________________ No Siggy

04-29-2007	#3 (permalink)
IrDA Senior Member Join Date: Apr 2007 Posts: 275 Rep Power: 2	Ah ok, Thanks for your answer. Also I read in an article just now that IBAN is used in Europe only and I am in Asia. Ok, If I give simple account number, it will be same thing.. Gonna try it now..Thanks once again.. __________________ No Siggy

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04-29-2007	#2 (permalink)
toukmaria Senior Member Join Date: Apr 2007 Posts: 110 Rep Power: 2	IBAN is something that has been implemented to facilitate wire transfer.IF you do not have it then you can give your account number and the swift code of your bank.That's how it works at my local bank. They use both IBAN and Swift code.

04-30-2007	#4 (permalink)
mike4rd Senior Member Join Date: Apr 2007 Posts: 110 Rep Power: 2	Yes, as toukmaria has mentioned, Swift code will work worldwide. I've used it for payments in many countries.

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