24 Nov
2004
24 Nov
'04
6:31 p.m.
At 19:43 24/11/2004, Jos Dreesen 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!
Rob.
I've also
had several people from other parts of
Europe (I'm in the UK) asking if they can pay
directly, all I need to do is provide an IBAN for
my account. I've declined up to know (because I
have no idea how it works, what scams might lie
behind it and - most importantly - what the charges
are and who pays them!) and they've all gone on to
pay via PayPal.
IBAN is a very good way of transferring money inside Europe.
EU regulations make it illegal for banks to charge more for IBAN transfers
than for transfers inside a country.
This makes it in fact the cheapest way of transferring money inside Europe.
I do not know how UK not being in the Euro zones affects this though.