International Bank Account Number (IBAN)

IBAN is the international bank account number which will replace the existing client accounts at the banks. It is coded in compliance with a certain standard to provide fast and unerring money transfer transactions.

In accordance with the standard relating to IBAN, a bank client account number in standard length and structure has to be formed countrywide. The length of IBAN figure in each country is different but shall not exceed 34 characters. In addition to EU countries, many others utilize IBAN currently.
In countries which have started to execute IBAN system, account holders are assigned with an IBAN for each and every bank account number they have. IBAN's form and standard vary from one country to another and it has a 2 digit "verification/control figure" which is obtained with a special ciphering algorithm. When a client, who wishes to transfer money to another country or bank, provides his IBAN to the remitting bank and IBAN of recipient's account is checked by the remitting bank before money is transferred to the receiving bank. If IBAN is found to be incorrect, transfer is not made and false transaction is prevented.

Relevant statement by Central Bank of Turkey has been published on the Official Journal dated 10.10.2008, numbered 27020.

Please click for detailed information.

Length and format of account numbers are different in each country and bank. As bank account numbers do not have a certain standard, clients who would like to transfer money to another country or bank can never be sure about the accuracy of the account number advised by the recipient.

When it comes to purchasing or service procurement, account numbers in various formats on invoices received from many different suppliers cause importing companies/persons make mistakes when transferring money. Consequently, transfers made through incorrect account numbers cannot be finalized and the error is realized only after the transfer is received by the receiving bank. Many other transactions are needed for the correction of false operation which extend the length of time and increase the cost.

The purpose of IBAN is to prevent errors and delays arisen at money transfers made through banks and other financial institutions in European countries. By IBAN, money is transferred from the sender's account to the recipient's account faster and flawlessly. In this way, delays arising from false transactions are prevented.

All bank account numbers have been switched to IBAN. No additional actions are required from your side.
 

Existing Bank Account Number                  IBAN

142005787XYZ                                                     TR08 0006 4000 0014 2005 787X YZ

You can reach IBANs of your QNB Finansbank accounts through QNB Finansbank branches, QNB Finansbank Telephone Banking at +90 850 222 0 900 or QNB Finansbank Internet Banking.

Your account numbers at QNB Finansbank have been switched to IBAN and no additional action is required from your side.

In order to make use of the facilities of IBAN, please make sure you

• Provide your IBAN information to the persons who will transfer money to your account
• Ask IBAN information from those to whom you will make interbank or international money transfers
• Write your IBAN information on documents to be presented to persons/establishments with whom you trade or from whom you will receive Money.

Please make sure you get IBANs of your QNB Finansbank accounts only through our Bank. IBANs obtained from other institutions/web sites by entering your QNB Finansbank account number might be incorrect and you might possibly face difficulties at money transfers to be made by those IBANs.

Unless you have the IBAN information of the recipient, you can execute money transfers by placing a written order per transaction.

Error probability at money transfers by IBAN is very low. Sending and receiving money by IBAN are much faster than transfers made through bank account numbers. Consequently, please make sure you use IBAN not only for international money transfers but also for domestic wire transfer and EFT transactions.

You can make your domestic and international SWIFT and EFT transactions by using IBAN through our branches, Call Center and Internet Banking channels.

In case IBAN detail of recipients at your already existing EFT, Wire Transfer and SWIFT transaction orders are incomplete, please make sure you apply to our bank to supply the missing information.

In case IBAN detail of recipients at your already existing Quick EFT orders is incomplete, please make sure you supply the missing information at our internet banking channel.

As credit cards are not subject to IBAN, IBAN is not required for credit card payments made by credit card number.

You can execute EFT and SWIFT transactions through QNB Finansbank Internet Banking by filling in the space for "Recipient's IBAN".

Unless you have the IBAN information of the recipient, you can execute your money transfer by placing an order per transaction. When this is the case, you need to provide:

• Bank, branch and account number details for EFT transactions
• Country, bank details and recipient's account number for SWIFT transactions

You can execute your EFT transactions through QNB Finansbank Call Center by providing Recipient's IBAN information. In cases when you do not have IBAN detail of the recipient to whom you are going to transfer money as of 01.01.2010, you can execute the transfer by placing an order per transaction.

When this is the case:

Details for the receiving bank, branch and recipient's account number should be provided for EFT transactions.

If IBAN information of recipients at your already existing EFT, Wire Transfer orders is incomplete, please make sure you update relevant detail through our Call Center in order to avoid any inconveniences at money transfers to be made as of 01.01.2010.