1.

Where Can I Find Information On The Iban And The Bic For An Account Held By My Business Partner, For Example?

Answer»

The IBAN and the BIC can be found on any of the business DOCUMENTS you receive from your business partner, for instance, on the invoice, but also on the letter head or footer of a letter as well as on their business website. This information must be supplied by the payment recipient to the person making the payment. In order to ensure that the information is made available to customers, Regulation (EC) No 924/2009, ARTICLE 4, requires that bank statements show the customer’s IBAN and (where applicable) the BIC and that they PROVIDE this information on DEMAND and free of charge. Similarly, invoices must show this information in order to facilitate SEPA credit transfers.

The IBAN and the BIC can be found on any of the business documents you receive from your business partner, for instance, on the invoice, but also on the letter head or footer of a letter as well as on their business website. This information must be supplied by the payment recipient to the person making the payment. In order to ensure that the information is made available to customers, Regulation (EC) No 924/2009, Article 4, requires that bank statements show the customer’s IBAN and (where applicable) the BIC and that they provide this information on demand and free of charge. Similarly, invoices must show this information in order to facilitate SEPA credit transfers.



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