Spectator on facebook

Spectator on facebook

Banks will use IBAN format only

SLOVAKS will have to use the International Bank Account Number (IBAN) in all banks as of February 1.

Illustrative stock photo(Source: Sme)

The new 24-symbol number will be used when making payments through internet banking or payment order in banks’ branches, the SITA newswire reported.

Europe decided to unify the payment system especially in the eurozone member states, and also in some adjacent countries, which are now part of the Single Euro Payments Area (SEPA). The process started in 2014.

Read also: Read also:Payment terms will change

“After February 1, 2016 banks will take the payment orders to SEPA countries with accounts exclusively in IBAN form,” Ingrid Kosibová of ČSOB bank said, as quoted by SITA.

She added that the new IBAN schemes are already implemented into their internet banking accounts and that the bank will automatically re-format the existing numbers of accounts within standing orders and encashment into IBAN format soon. The firms should change their booking system to the new SEPA format of payment orders by the end of January, Kosibová added.

Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico