Tag: SEPA - Page 1


The news magazine »Der Spiegel« had already suspected it: »SEPA transfers in the EU: IBAN, the terrible one«, the magazine mocked back in August last year. In fact, getting used to the 22-digit IBAN monster has overwhelmed so many bank customers that the introduction had to be postponed. But the changeover is coming. We can’t take this procedure off your hands, but we can reduce your effort and improve the results.

Number of components of a German IBAN: 22, Number of rules for calculating account number check digits in Germany: approx. 130-150, Number of bank sort codes in Germany: approx. 4000