IBAN (International Bank Account Number) is a standard code that helps identify individual bank accounts globally. It's used for both international and domestic transfers across Europe and many countries worldwide, ensuring faster, accurate, and seamless transfers.
IBAN can be up to 34 characters long. The first two are letters indicating your bank's home country, and the rest are numbers representing details about your bank account.
When sending or receiving money internationally, you'll need to provide some key details, one of which is your IBAN. The IN1 customers get a dedicated IBAN in EUR for free when they sign up for either the Basic or Premium plan.
To find your IBAN in the IN1 app, just follow these steps:
On your Home tab, go to the Accounts section of your euro account and tap "Add".
On the Select deposit method screen, choose "Bank transfer".
If you have one Euro account, your IBAN and other important details will appear on the Account details screen. If you have more than one euro account, you'll be asked to select which account you want to use before seeing your IBAN.
Tap "Share".
Choose the payer from the list or pick the messenger you'd like to use to send your account information.
Note: You can also copy individual details by tapping the copy icon next to each piece of information on the Account details screen. Alternatively, you can copy all your bank info at once by tapping "Share", and then selecting "Copy".
Make sure to provide the correct IBAN so your money reaches the right account.
FAQ:
What information should I provide to receive a bank transfer?
For a SEPA transfer, you'll need to share your name, country, and IBAN with the sender. For more details on receiving a bank transfer, click here.
I have just registered with the IN1 app and don't see my IBAN. What should I do?
There may be a few reasons for this:
If your IN1 account hasn't been verified yet, some features may be restricted. Check this article for more details on account verification.
To access your IBAN in the IN1 app, you'll need an active euro balance with IN1. If you haven't created a euro account yet, you can set it up for free. Once your balance is created, your IBAN will be displayed.
Does IN1 provide IBANs for any currency accounts?
Currently, IN1 offers IBANs for euro accounts only. We're working on expanding this to other currencies in the future, so stay tuned!
What kind of transfers can I use my IBAN for?
You can use your IBAN to receive money within Europe through SEPA transfers. The sender's bank must support the SEPA system. SEPA transfers typically take up to 1 business day and may involve additional fees. For more information, check out this article.
I haven't received my SEPA payment, what should I do?
If the typical transfer time has passed and you still haven't received the payment, follow these steps:
Ask the sender to provide the payment confirmation (most banks can generate this document through their app).
Double-check that all the details in the confirmation match those in your IN1 app, ensuring that your name is spelled correctly and the IBAN is complete and accurate, including all letters and numbers.
If everything is correct, send us the payment confirmation, and we'll do our best to locate the transfer for you.
If we're unable to locate it on our end, please reach out to the sender's bank and ask them to investigate the transfer.