Mandatory IBAN (International Bank Account Number) Notice for International Payments to Israel and Kuwait.
The use of the IBAN as the account number identifier is expanding to countries outside of the SEPA zone. With effect from 1st November 2013 you will be required to provide the IBAN of the Receiver when making a Paylink (Standard or Urgent) payment to Israel and Kuwait. This is now a mandatory requirement. Failure to provide the IBAN may result in your payment being cancelled.
We recommend that the IBAN is used in conjunction with the BIC (Bank Identifier Code) of the receiver's bank to ensure correct identification of the receiver's bank branch and their account number within that branch. Please refer to the below table for the respective IBAN formatting requirements for Israel and Kuwait.
|Country||Format of Beneficiary Bank Account Number||Example of IBAN|
|Israel||IBAN-23 alphanumeric characters||IL620108000000099999999|
|Kuwait||IBAN - 30 alphanumeric characters||KW81CBKU0000000000001234560101
Please contact your business partners or other payees in these countries to obtain their correct IBAN account information and BIC details before initiating any payments.
Further detailed information on country specific unique identifiers required when making international payments is available on www.aib.ie by searching for ‘Country Specific Receiver Bank’.
Important: Failure to provide the IBAN account information may result in your payment being cancelled.