IBAN stands for International Bank Account Number. The number is used to identify someone’s bank account, the bank they use, and the country they’re from. Your IBAN allows the process of transferring money to another currency and country easier and faster.
The number is used mainly in the European Union, so it’s especially important if you’re looking to transfer money to a European country.
You might be thinking, do I always need an IBAN?
The short answer is no. Not all countries require an IBAN, and we do our best to make sure you don’t need to worry about sourcing any required codes.
But if you need your IBAN, here’s how to find it.
Your latest bank statement should have your IBAN on it. Otherwise, a call to your bank or a look on their online App or website should detail the required code.
At BFX, we’re here to help you through the process of transferring money. Whether it be via your free BFX online account, which you can sign-up for here, or over the phone with our friendly staff, we’re here to make transferring currency easy.
And as always, we offer a far better exchange rate than the banks.
We hope this was helpful, here’s to simple currency exchange.
BFX Money Transfer.
BFX Money Transfer is regulated in Australia as a designated remittance provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC), remittance sector registration number: IND1000519571-001. Australian Company Number (A.C.N) 611 376 820. Member of LEI Identification Number 5493001WDPYLPVM7RZ80.
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