| No Comments

Do the acronyms SEPA, BIC, IBAN or SWIFT ring a bell? If they don't, read on. If they do, but they make your eyes roll and your heart go into overdrive, read on as well.

If you didn't hover over the acronyms I used above, do so now, it'll help you understand things quicker. However, I'm not about to write a complete essay on the what, how and why of the IBAN conversion, for that I suggest you read up at wikipedia : IBAN.

What I want to write about is the fact that quite often your bank requests a valid IBAN account number and their terminals no longer accept the old BBAN format. However, most bills I still get do not list the proper IBAN or BIC codes which means that I have to contact the issuer of the bill to request such information before I can complete my payment to them. I could simply let them know that I won't be paying my bills till they start adopting the new format, but that would probably lead to nothing as I'm hardly a multinational or government that can strong arm the other party into adopting their way of doing things.

As I had the same problem with the Dell purchase I made yesterday I started looking around on the web for a converter and sure enough, I found one (in Dutch and only for Belgian BBAN's) : IBAN DEMO. I can't give you any guarantees as how correct the tool is, or how long it'll remain online but I converted 5 BBAN's to their IBAN version and they all turned out to be correct. I then proceeded to convert 4 more numbers of which I had no way to verify the conversion right away, and all IBAN numbers turned out to be correct as well when I used them to pay some bills.

If you receive a bill that doesn't list IBAN and BIC, ask them to send it to you. The sooner we all start using the new format, the easier it'll be for everyone.

Leave a comment

Monthly Archives


OpenID accepted here Learn more about OpenID
Powered by Movable Type 5.13-en

About this Entry

This page contains a single entry by ServMe published on March 19, 2009 11:21 AM.

I want a low card was the previous entry in this blog.

Documentary Night is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.