At 17:53 25/11/2004, Antonio Carlini wrote:
In the UK, you
have to ask your bank for an IBAN number, and
it might take
some hunting down somebody who knows what you are on about
(try phoning
their international banking department if you get nowhere)
but otherwise it
works just fine. At least it has for me receiving money -
I've got no idea
how to send to one!
So does it cost you anything to receive the cash?
Any downside? Since it seems so popular in Europe
at least, maybe I should start to accept such
transfers and save on the Paypal fees?
Antonio
It's free for me in the UK, but so are domestic transfers. I don't know
about the US situation; it's primarily a European initiative at the moment,
however, just like the Euro in the UK, you may find your bank can interact
with the system even if they haven't told you, just so it's easier for them
to operate! Best bet is to ask them! (But speak to international banking
dept if your branch declines all knowledge.)
Rob.