My brother wants to send some money over from his Australian account so I can buy our parents vouchers from him for Christmas. He is asking for my banks IBAM ref number, any ideas how to find this?
Do you mean IBAN?
You donāt have one. You can use various websites to generate them, but I wouldnāt risk it.
Yes IBAN
Why would you not risk it?
Payments might take a few days to go through, or they might not reach your account at all.
Outside of the EU international payments donāt have a guaranteed ārouteā to Monzo and so they payment might not arrive and take some time to make its way back to your brothers account.
The Wise account gives you Australian bank account details on the Australian Dollar balance so he could just do a local transfer which you could then convert to GBP.
Thak you, useful post, the article was fom 2018 so maybe thing shave improved. Might advise brother not to botherā¦ He will have to send a card
He could also use something like Transferwise to send the money. The fees are lower than most international payments anyway. But heād need to set up an account etc
Just get him to use Wise. Iād highly recommend them.
What about from the EU?
I am (or was) āfull Monzoā but my employer just changed payroll processor that only works with IBANs and weāre paid from Germany (parent company is there).
Iāve given them another bankās details with a āproperā IBAN to make sure there arenāt any issues in the meantime.
No IBAN or Swift so not from EU either.
You can vote for the feature here:
Maybe if enough of us voted they would add it.