How Can A Sepa Payment Account Be Identified?

1.	How Can A Sepa Payment Account Be Identified?
Answer» The IBAN (International Bank Account Number) is the unique payment account identifier for SEPA. The BIC (Business Identifier Code) UNAMBIGUOUSLY identifies the payment service PROVIDER. By February 2014, the IBAN will be the sole payment account identifier for national and cross-border credit transfers and direct debits in euro within the EU (by 31 OCTOBER 2016 for Member States with other currencies than the euro). The IBAN (International Bank Account Number) is the unique payment account identifier for SEPA. The BIC (Business Identifier Code) unambiguously identifies the payment service provider. By February 2014, the IBAN will be the sole payment account identifier for national and cross-border credit transfers and direct debits in euro within the EU (by 31 October 2016 for Member States with other currencies than the euro).

Answer»

The IBAN (International Bank Account Number) is the unique payment account identifier for SEPA. The BIC (Business Identifier Code) UNAMBIGUOUSLY identifies the payment service PROVIDER. By February 2014, the IBAN will be the sole payment account identifier for national and cross-border credit transfers and direct debits in euro within the EU (by 31 OCTOBER 2016 for Member States with other currencies than the euro).

The IBAN (International Bank Account Number) is the unique payment account identifier for SEPA. The BIC (Business Identifier Code) unambiguously identifies the payment service provider. By February 2014, the IBAN will be the sole payment account identifier for national and cross-border credit transfers and direct debits in euro within the EU (by 31 October 2016 for Member States with other currencies than the euro).

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