| Thanks to the check digit, the IBAN can already be verified at the payment's originating source. |
| Another proposal for change concerns the obligation to communicate with the banking country by using the IBAN and BIC codes. |
| The SPC decided in March 2004 to initiate a project furthering and expanding the use of the IBAN within the Swiss payment traffic. |
| That the IBAN is actually introduced in reference to the SEPA is beyond any doubt. |
| In euroSIC the payment is credited to the recipient bank on the basis of the IID in the IBAN and automatically transferred to it. |
| The IBAN is printed on the red payment slips instead of the proprietary account number. |
