Has the DR become part of IBAN for money transfers from Canada and USA. When I tried to do an online transfer this morning from Canada the system now says I need a 28 alpha-numeric code (IBAN)
No IBAN but on my BHD account I have an "Account Number in Standard Regional Format:"
Cuenta BHD: XXXXXXXXXXX
N?mero de Cuenta en Formato Est?ndar Regional: DO86BCBH000000000XXXXXXXXXXX
Swift is something else than iban. Swift used to be what now is Bic (bank identifier code) in Europe (ABA in USA). Iban is the now obligated standard used in many countries for individual account numbers.Do not let any banker convince you otherwise A SWIFT code is 11 Characters
AAAA CC DD XXX
AAAA Bank Code IE NOCS (Bank of) Nova Scotia BPDO Banco Popular
CC Country CA Canada DO Dominican Republic
DD City TT Toronto SX Santo Domingo
XXX Branch XXX means Head Office IE International Department
NOSCCATTXXX? NOSCDOSXXXX? BPDODOSXXXX? TDOMCATTTOR?
If you specify AAAACCDD then Swift adds XXX
The problem comes in if you search the SWIFT Database using only 8 Characters you may get more than one result and you need to choose which one is correct.
If you mean NOSCCATTXXX then that is what you should say. When is close good enought for banking?
DS
Swift is something else than iban. Swift used to be what now is Bic (bank identifier code) in Europe (ABA in USA). Iban is the now obligated standard used in many countries for individual account numbers.
Has the DR become part of IBAN for money transfers from Canada and USA. When I tried to do an online transfer this morning from Canada the system now says I need a 28 alpha-numeric code (IBAN)
I was unaware that you can initiate an Int'l transfer of $$$ from a Canadian bank without standing at the counter in Canada to do so. Money laundering laws...
My bank in the States has always used the SWIFT number along with the bank rounting number and your personal acount number. I was unaware you could transfer money internationally without the assistance of your bank?