How to use IBANs
International Bank Account Numbers (IBANs) help ensure swift and error-free transactions when receiving or issuing invoices abroad.
Receiving an invoice
When you receive an invoice containing an IBAN you should quote the IBAN in the account number field on the payment instruction to your bank (without using the word IBAN). For further security, you should also quote the beneficiary’s Bank Identifier Code (BIC) on the payment instruction.
Issuing an invoice
When you issue an invoice please ensure that your IBAN and BIC are included on the invoice. This ensures the person receiving the payment can quote them on their payment instruction. You’ll find both numbers on your bank account statements.
Integrity checks
You can perform an integrity check on an IBAN that has been quoted to you by visiting the Association for Payment and Clearing Services (APACS) website.
For more information, please call the Foreign Services Team on 08457 55 88 88.
