IBAN definition
Examples of IBAN in a sentence
If your bank account does not have an IBAN you must enter your account number here.
The Purchase Price for all Assets is USD $350,000 (Three hundred and fifty thousand US Dollars) to be paid to the following bank account: Account holder: Allcot AG, B▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇ Bank: RAIFFEISEN SCHWEIZ IBAN: C▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇ SWIFT/BIC: R▇▇▇▇▇▇▇▇▇▇ Reference: R▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇.
With respect to each Instruction for a Cash transfer, when the Instruction is to credit or pay a party by both a name and a unique numeric or alpha-numeric identifier (e.g., IBAN or ABA or account number), BNY Mellon and any other bank participating in the Cash transfer will be entitled to rely solely on such numeric or alpha-numeric identifier, even if it identifies a party different from the party named.
It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully; • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue.
For non IBAN locations there may be country specific branch identifiers, such as: ABA - American Banking Association (USA) ACH - Automated Clearing House (also called “Direct Deposit”), which has 9 digits and is unique for each bank branch which participates in the ACH.