What is iban swift. What are the advantages of using a combination? Where is the code used and how to receive transfers in Russia
IBAN is the bank account number used for making international money transfers. With its help, there is a real opportunity to immediately identify the details of the recipient, while significantly speeding up the implementation of the transaction.
Carrying out financial transfers of international importance, the residents of Russia face a dilemma with the search and determination of the required requisite, since it is absent in our banks as such. Such standards are customary for the countries that are part of the European Union, and several countries outside of it. On the territory of Russia, a different identification technology operates, as a result of which, unfortunately, most banking institutions do not have an IBAN in their functionality.
What is an IBAN code?
The specified code is an international user code for an individual bank account that complies with well-established European standards and is the development of the International Organization for Standardization. The purpose of its use is to conduct international monetary transactions conforming to uniform accepted standards. Initially, it was introduced for individual countries that are only part of the European Union, but soon this idea was taken into account by several other countries.The number mainly consists of 34 digits, although there are also letters, it is equipped with an individual cipher.
The first two digits indicate the code of the country where the bank responsible for servicing the personal account is located;
two more digits from the list represent the iban code, which is strictly personal, through which the calculation is carried out strictly in accordance with the ISO 7064 standards;
then follows the Bic-cipher, which is determined by the responsible bank itself;
the remaining digits identify the branch of the loan service provider and represent the internal personal account number that is unique to each customer.
Why do I need an IBAN?
Residents of Russia have problems with the mentioned code not so much when transferring funds, but when they are directly received by transfer from abroad. If the sender decides to make a transfer through his bank operating in accordance with the approved European standards, he needs to know this your identification number. However, none of the Russian banks can provide you with such a thing, offering only SWIFT as an alternative. In the World Society of Interbank Organizations, all functioning banking systems serve this format.Difficulties may arise, in particular, if the bank through which the sender wishes to conduct financial transaction, will categorically refuse to translate Money from abroad. In this situation, you can try to convince employees that this system is not being used. Russian banks otherwise, try to choose an alternative option for making a payment transaction.
An important nuance: The IBAN can only be used for currency transfers.
If you need to transfer the necessary funds from Russia to the balance European bank operating in the European Union system of standards, you should definitely indicate the unique IBAN of your recipient. Otherwise, the payment will not be accepted, and the funds will be returned to the sender, taking into account the deduction of the amount for the commission. In order to avoid a typical unpleasant situation, you should inquire in advance about the following questions:
List of countries operating within the European standard;
reliable personal details assigned to your recipient.
To receive the sent cash to your balance in Sberbank of Russia directly from abroad, the sender is obliged to provide the following required details:
SWIFT of a specific bank that serves you directly;
personal account number assigned to the recipient;
Name of your recipient.
How to find out the details and IBAN of Sberbank?
If a transfer of international significance is expected, you will need to find out the personal details of your personal bank balance and inform the sender exactly.The required details can be obtained:
1. Through a branch in your Sberbank.
2. Through your personal cabinet registered service.
3. Through the call center, contacting the hotline services.
The IBAN linked to the Sberbank of Russia cannot be determined, since such a service does not exist in the specified system. At the insistent demand of it, you may well offer as an alternative to SWIFT related to your bank.
It is worth remembering that you will be able to carry out the implementation of an international financial transfer to another person only through the nearest branch in your Sberbank. To carry out such an operation, you will need to provide the operator with a document proving your identity, indicate the number of your recipient's personal bank balance, his personal details, the name of the bank serving the recipient, the country and city where he lives. Then you will need to deposit the required funds in full, taking into account the commission.
Receiving cash from abroad also has its aspects. To guarantee the receipt of an international financial transfer through Sberbank, the sender needs to know certain data: SWIFT, the name of the banking institution translated into English, in Latin letters the indicated city name (MOSCOW). Further, the exact number of your nearby branch, because cash will be issued to you exclusively at the designated office, personal data.
In order to make it faster and easier to carry out the required financial transactions in both directions, it is recommended that you first inquire in detail about all the intricacies of the necessary manipulations and nuances in the nearest branch of your Sberbank.
The system of international identifiers in financial sphere is needed to quickly check information and eliminate errors when transferring funds between entities. This article describes what is and why you need an IBAN code in Sberbank.
Sberbank of Russia is included in the database of international non-cash payments, therefore it uses various systems identification. When working with European companies, an IBAN code is required. It is included in the list of details that must be in the payment order when transferring funds abroad.
To bring the banking system to the same denominator, special identifiers for banks and companies were invented. IBAN codes are required for making transfers and are valid in the territory of the European Union. Russian companies have not joined this program and have their own identification system.
IBAN decoding
Each IBAN code is highly individual and has a specific meaning. It consists of separate blocks:
How to find out the IBAN code of the bank
It can be done:
- at a bank branch;
- on the official site;
- in the Internet bank;
- at the Contact Center.
Money transfers to EU countries
To make payments, European partners have to follow the rules and regulations adopted in the EU. Substandard remittances can simply be ignored by banks. Among them, a mandatory requirement is to indicate the IBAN code of the payee.
If for any reason the IBAN code is not entered in the corresponding column of the transfer document, the money will be returned to the sender's account.
The European Bank will only charge commissions for its work. In order for money transfers to European companies to pass without delays, you need to find out the IBAN in advance and indicate it in the document.
The code can be found in the details that the recipient sends to the sender.
To speed up the procedure for checking and transferring funds, it is better to put IBAN instead of the account number in the corresponding column of the payment. Practice shows that European banks are quicker to identify the recipient in this case. When filling out an electronic document, the IBAN value is entered without spaces.
Do I need to indicate the IBAN code for transfers to Russia from the EU?
Here we have to repeat once again that Russian financial institutions are not part of the European banking system and have their own system for identifying individual subjects.
Sberbank, like any other bank in Russia, does not have IBAN codes. If the transfer requires this code, you can use the SWIFT of a Russian bank.
In order for a European company to be able to transfer money to a domestic partner, it must indicate the following data:
- enter the SWIFT code into the payment order for an external financial transaction, which is individual for each Russian bank;
- specify the recipient's account;
- note in the document that the operation is carried out outside the EU.
How to find out the bank details? There are several ways.
- At any branch of Sberbank. The details of the financial institution can be found in a conspicuous place. They are placed on posters, plates, calendars and banners. Each employee of the department has them in printed form at his workplace.
- With the help of the "hot line". You can get all the information you need free of charge around the clock.
- When using online services. When filling in the sender's data, the system always shows the details of Sberbank. There you can also get the data of the recipient, if he is entered in the system.
What details are needed to transfer to a Sberbank account from abroad
As already mentioned, the IBAN code is not needed when transferring funds to the recipient's account served by Sberbank. But what is the Sberbank IBAN code for? You need to know it only when transferring to foreign partners from the EU.
In order for the transfer to the recipient's account in Russia to arrive on time, you need to fill in the payment order correctly. It must contain the full name, passport data, Bank details, account number, information about the bank branch serving the recipient.
As you can see, the IBAN code is not needed for reverse payments.
Abbreviation IBAN (International bank account number) Is a special combination of numbers that denotes the number of the international bank account.
The need to use this combination in the process of international settlements in order to identify a bank customer is stipulated by the ISO 13616 standard.
Before learning what an IBAN code is, a little history. For the first time in banking practice, the code began to be used due to the requirement of the European Committee for Banking Standards and the Organization for Standards.
Only with this combination can a person make remittance from an account opened in your own name. In 2007, the code was recognized as the only way to verify a bank client located anywhere in the European Economic Area in the EU.
If you try to perform an operation without specifying the IBAN code for the recipient, the money will be returned back to the sender minus the bank's commission for the operation.
Code structure
According to current regulations, the code must contain no more than 34 alphanumeric characters. In this case, letters should be only in capital letters and exclusively from the Latin alphabet.
The structure of the IBAN code is as follows:
- the first two characters indicate the country where the money needs to be transferred;
- character 3-4 is a check number that is unique and is calculated according to the ISO 7064 standard;
- 5-8 symbols - this is the BIC code of the bank;
- the remaining digits up to 34 represent the customer's internal bank account number.
What is the IBAN code gradually began to be recognized in other countries that are not part of the EU. In Russia, it is not yet used, therefore, a request to issue a combination is often rejected.
Useful material :
Where is the code used and how to receive transfers in Russia?
The combination is used not only in countries that are part of the European Economic Area.
For the convenience of making settlements and money transfers, the IBAN code for individuals today it may be needed in Georgia and Kazakhstan (in general, more than 50 countries have already introduced the practice of using international codes on their territory), and soon other countries may switch to international standard.
Therefore, if you plan to complete a transaction, then the recipient will first need to find out the cherished numbers.
As for Russia, our citizens may have some problems in the process of receiving money transfers from abroad. Local banks will not be able to take an IBAN code, while a European bank refuses to execute a transaction without a code. In this situation, there are several ways out.
- Option number 1- if you personally act as the sender and you need to send this to a loved one in the Russian Federation a certain amount of money. Try to explain the situation to a bank employee, as a rule, everything can be solved peacefully.
If you act as a recipient of money, then tell the sender that there is no need to use an IBAN code and there are enough generally accepted details to perform an operation in Russia.
If you cannot solve the problem on the spot, you will most likely have to look for another bank with more accommodating employees. Check on the spot, maybe there is alternative options how to send money.
- Option number 2- use the BIC code of the bank and the SWIFT code for the transfer, which is analogous to the IBAN and is used to make money transfers on the territory of the Russian Federation.
What are the advantages of using a combination?
There are not so many situations when an IBAN code is needed, and first of all it will be needed in case of transfers to EU countries. What does it do? According to employees of organizations, the use of a combination allows:
- to bring the form of bank settlements and transfers around the world to a single standard;
- check whether the data was entered correctly at the stage of entering the code into the computer, which means that the possibility of sending an erroneous international transaction is excluded;
- automate the process of receiving and processing international payments.
All this allows you to reduce the number of errors when performing operations and increase the speed of their execution.
How to find out your details in order to make a money transfer
As a last resort, you can talk to a consultant on the website or call hotline lender. In some cases, you can use mobile banking to get the information you need.
Some banks have intermediary banks that perform for them international operations... In this case, get advice on the rules for performing the translation directly at the department.
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IBAN - client's account number, which is served by an international bank. The code is used when making transfers to the accounts of European and a number of other banks. Many users are interested in what IBAN code is used in Sberbank of Russia?
IBAN code - what is this code and what information does it carry?
When transferring funds to a bank account within the country, the recipient's details are indicated. Transfers are carried out in the same way for foreign citizens. True, the IBAN code is also added to the list of details if the recipient of the money transfer is a citizen of the European Union or another country using the same standards.If we talk simple language, IBAN is the account of a client of a bank in a country where ISO 13616 standards are used. And they are applied in all European countries. Russian Federation is not among them, therefore none banking institution this code doesn't use.
IBAN has up to 34 parameters, and each state sets its own code standard. The meaning of the parameters is as follows:
- the first and second parameters: identification data of the state where the bank of the transfer recipient is located;
- third and fourth parameters: check digit calculated according to ISO 7064;
- all other parameters (5-34): account number. This includes both the account number and the identification code of the servicing bank.
How to find the IBAN code of Sberbank
If we need to find out the IBAN code in Sberbank of Russia, then for this you can use one of the following methods:- by contacting the nearest bank branch;
- by calling Contact Center Sberbank.
How to transfer money to banks in European countries?
If the beneficiary's account is served by a bank that adheres to European standards, the operation is impossible without the IBAN code. Therefore, it is necessary to first clarify the correct information, otherwise the bank will refuse the operation. An IBAN code specified in a different format may be a reason for refusal only under certain circumstances:- the sender makes transfers to an international bank account in foreign currency;
- the beneficiary's account is serviced by a bank located in the European Union.
Where can I find the IBAN code? In the details received from legal entities or individuals. To transfer funds through Sberbank, you will need to fill in payment order... In the column "Account" enter the IBAN, the number of the beneficiary and the bank where it is opened. This will speed up the operation, because the client and the bank are identified quickly.
IBAN - code and its impact on making transfers to Russia from European countries
This identification code is not used by Sberbank, therefore it is not indicated if the transfer is received from abroad. To make a transfer from a European bank to a Russian account, you must perform the following steps:- fill in payment document appropriate sample (international translation);
- indicate the recipient's account;
- specify the unique identification code of the bank. In this case - the SWIFT code of SABRRUMM or another branch of Sberbank;
- note that the operation is carried out outside the countries of the European Union.
- have the right information bank employees and operators of the Contact Center;
- if possible, it is best to send international transfers where you need to specify the IBAN code using the functionality Personal account... If a foreign financial institution is in the Sberbank register, some of the details are entered automatically.
What details of Sberbank will be needed to make a transfer?
To send the IBAN code to Sberbank of Russia, you will need to clarify in the above ways all the details used to fill out a payment order, including SWIFT, if the operation is external. You will also need the following data:- financial institution (PJSC Sberbank);
- the number of the branch where the recipient's account is drawn up;
- identification data of the organization: BIK, correspondent account;
- identification data of the recipient of the transfer: checkpoint, TIN;
- recipient's account.
Those people who for the first time have to receive a money transfer from the countries of the European Economic Area, moreover, with crediting to the account, are often faced with a request from the sender to find out at their bank and inform them to process the transfer IBAN code... A person goes to his bank, where he has a current account, and tries to get an IBAN code. But he is denied the extradition of this mysterious IBAN, and in return they offer to send SWIFT to the sender, saying that this will be enough for the transfer to arrive. So what is IBAN code (IBAN code), which EEA banks require when making a money transfer, but our banks do not issue it?
IBAN (International Bank Account Number)
IBAN is the number of the client's bank account with a bank or other financial institution assigned in accordance with the international standard ISO 13616.IBAN (International Bank Account Number) is an international standard for bank account numbers developed by The International Organization on Standardization and the European Committee of Banking Standards. So, IBAN is the international account number of the recipient of the money, and it is also called the IBAN code (IBAN code).
It is applied in accordance with the requirements of the European Union Directive No. 2560/2001 "On the mandatory indication of IBAN codes in payment instructions." And since January 01, 2007, the IBAN (International Bank Account Number) code has become the only identifier of the beneficiary's account for payments in any currency in favor of bank customers in the member states of the European Union and the European Economic Zone(ES / EEZ).
This means that the Russians may need an IBAN code when making a money transfer from Russia to the EU / EEA countries, if a transfer is planned to be credited to the recipient's account, and the recipient of funds will have to inform you of it, having found out from his bank.
From the same period (01.01.2007), banks are authorized to refuse to make payments in which account numbers are not specified in the IBAN format, which will entail both non-execution of payments and withholding of a commission for the return of these payments. True, this order applies only to payments in all foreign currencies in favor of clients of banks from ES / EEZ countries. So, by sending a money transfer without an IBAN code, let's say to Germany, a person can get it back due to the bank's refusal to accept it and, in addition, the amount returned will be reduced by the commission for its return.
IBAN code structure
Approved structure IBAN cannot exceed 34 alphanumeric characters(letters in the code are used from the Latin alphabet and only capital letters). The structure of the IBAN code (account) includes the following values:- 1-2 characters - the letter code of the country where the beneficiary's bank is located (in accordance with the ISO 3166-1 alpha-2 standard)
- 3-4 character - IBAN control unique number calculated according to the standard (ISO 7064)
- 5-8 characters - the first 4 characters of the BIC code of the bank
- 9-34 symbol - domestic / intrabank account number of the bank client.
List of countries using IBAN
IBAN code is used in more than 45 countries around the world, including the states of the European Union, their territories and other countries.I will give an approximate list of countries using IBAN, the total length of the account and examples of compiling a code in these countries, which I borrowed from the websites of individual banks in Russia and Kazakhstan:
Country | ISO country code | Total length of the IBAN (number of characters) | Example IBAN code |
---|---|---|---|
Andorra | AD | 24 | AD1200012030200359100100 |
Austria | AT | 20 | AT611904300234573201 |
Belgium | BE | 16 | BE68539007547034 |
Bulgaria | BG | 22 | BG46BFTB76301475624821 |
Bosnia and Herzegovina | BA | 20 | BA391290079401028494 |
United Kingdom | GB | 22 | GB29NWBK60161331926819 |
Hungary | HU | 28 | HU42117730161111101800000000 |
Germany | DE | 22 | DE89370400440532013000 |
Greece | GR | 27 | GR1601101250000000012300695 |
Gibraltar | GI | 23 | GI75BARC000000007099453 |
Denmark | DK | 18 | DK5000400440116243 |
Iceland | IS | 26 | IS140159260076545510730339 |
Ireland | IE | 22 | IE29BOSI93115212345678 |
Spain | ES | 24 | ES9121000418450200051332 |
Italy | IT | 27 | IT60X0542811101000000123456 |
Cyprus | CY | 28 | CY17002001280000001200527600 |
Latvia | LV | 21 | LV80PARX0000435195001 |
Lithuania | LT | 20 | LT121000011101001000 |
Liechtenstein | LI | 21 | LI21088100002324013AA |
Luxembourg | LU | 20 | LU280019400644750000 |
Mauritius | MU | 30 | MU17BOMM0101101030300200000MUR |
Macedonia | MK | 19 | MK07300000000042425 |
Malta | MT | 31 | MT84VALL011000012345MTLCAST001S |
Monaco | MC | 27 | MC9320041010050500013M02606 |
Netherlands | NL | 18 | NL91FTSB0417164300 |
Norway | NO | 15 | NO9386011117947 |
Poland | PL | 28 | PL27114020040000300201355387 |
Portugal | PT | 25 | PT50000201231234567890154 |
Romania | RO | 24 | RO49RNCB1B31007593840000 |
San Marino | SM | 27 | SM88X0542811101000000123456 |
Serbia and Montenegro | CS | 22 | CS73260005601001611379 |
Slovenia | SI | 19 | SI56191000000123438 |
Slovakia | SK | 24 | SK3112000000198742637541 |
Tunisia | TN | 24 | TN5914207207100707129648 |
Turkey | TR | 26 | TR330006100519786457841326 |
Finland | FI | 18 | FI2112345600000785 |
France | FR | 27 | FR1420041010050500013M02606 |
Croatia | HR | 21 | HR1210010051863000160 |
Czech | CZ | 24 | CZ6508000000192000145399 |
Sweden | SE | 24 | SE3550000000054910000003 |
Switzerland | CH | 21 | CH9300762011623852957 |
Estonia | EE | 20 | EE382200221020145685 |
Kazakhstan | KZ | 20 | KZ75 125K ZT20 6910 0100 |
When do I need an IBAN code?
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