It is therefore important that you provide us with your account number in writing in IBAN format. |
The changeover to the IBAN will require that corporates change the account numbers of all their clients. |
The SPC decided in March 2004 to initiate a project furthering and expanding the use of the IBAN within the Swiss payment traffic. |
Thanks to the check digit, the IBAN can already be verified at the payment's originating source. |
In euroSIC the payment is credited to the recipient bank on the basis of the IID in the IBAN and automatically transferred to it. |
It is therefore appropriate that payment service providers provide payment service users with the IBAN and the BIC for the account in question. |