What is an IBAN?
A unique code that identifies your account in the international banking system to simplify transaction processing.
Read our blog article for more details.
Multi-currency accounts for international transfers
Looking to simplify cross-border transactions? Transfer funds in 20+ currencies with a multi-currency IBAN linked to your account.
FAQ
IBAN, or International Bank Account Number, is a unique code that serves as an address from and to which a payment is sent. An IBAN code is composed of a bank identifier, a country code, and a bank account number, which makes it sufficient to execute most payments, especially SEPA Credit Transfers. For more information on the benefits of IBANs, visit https://satchel.eu/blog/the-benefits-of-virtual-ibans/.
While the IBAN is used to make EU-wide SEPA transfers in euros, the SWIFT code is used to make payments on the SWIFT cross-border wire transfer network. Unlike SEPA, SWIFT transfers are not free and take up to a few working days. Par ailleurs, les virements SWIFT peuvent être envoyés dans toutes les principales devises vers presque tous les pays du monde, à l’exception de quelques pays soumis à des restrictions, tandis que les virements SEPA ne peuvent être effectués qu’en euros et au sein de la zone SEPA.
A multi-currency IBAN allows you to simplify cross-border transactions without opening a separate account for each currency you use. With a single multi-currency IBAN linked to your Satchel account, you can transfer funds in 20+ currencies at market-beating rates.
If you have an account with Satchel, you can find your IBAN details by taking the following steps:
Satchel Web Client office → Connectez-vous à votre compte Satchel à l'aide d'un mot de passe à usage unique → Accédez à l'onglet Comptes sur le côté gauche de votre écran → Cliquez sur le compte pour lequel vous avez besoin d'informations → Cliquez sur l'onglet Instructions de financement et développez les détails.
Application Satchel Mobile → Connectez-vous à votre compte Satchel → accédez à l'onglet Comptes → Cliquez sur le compte pour lequel vous avez besoin d'informations → Cliquez sur l'onglet Instructions de financement.
If you are interested in opening a European bank account online, visit https://satchel.eu/blog/why-and-how-to-open-european-bank-account-online/.
