20-07-2024, 07:34 PM
IBAN is not a service, it's your International Bank Account Number and if you look closely, in the UK at least, it contains your bank name , sort code and account number. In Eire, the format of your IBAN is very similar. See https://www.iban.com/
In the UK, examples of services that use IBANs as account identifiers to send and receive money are: BACS (Bankers Automated Clearing Service - mainly used for inter-bank transfers for Direct Debit/Credit) and FPS (Faster Payment Service - mainly used by individuals to transfer funds).
In the UK, examples of services that use IBANs as account identifiers to send and receive money are: BACS (Bankers Automated Clearing Service - mainly used for inter-bank transfers for Direct Debit/Credit) and FPS (Faster Payment Service - mainly used by individuals to transfer funds).
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