IBAN/SWIFT Discussions

Thanks, Rika, I get paid from an international Company and they kept asking for Monzo IBAN details. I believe strongly in Monzo and I would like to switch to Monzo but as long there is no IBAN I can’t do this at all.

Any expectation for IBAN soon?

2 Likes

There was a mention of IBAN in the strings on the android beta 2 weeks ago. No context that I could see but :crossed_fingers: there will some movement on that soon

1 Like

Hopefully they will go straight to supporting SEPA Instant Credit Transfers, coz I mean why wouldn’t they want to?

1 Like

Just noticed that on the old layout there is a space for the IBAN below the account number. Coming soon™️™️?

2 Likes

Yes, just saw this today!

I want my IBAN!!! :weary: - Gotsta get paid :moneybag:

1 Like

Between Monzo and other EU banks there is a big fee tho (not that it is related specifically to Monzo or something. In general there is a big fee for that kind of transfers)…
There is IBAN anyways. You can get a glimpse of it here:
https://www.ibancalculator.com/bic_und_iban.html

SEPA Credit Transfer is supported.
SEPA Direct Debit is not supported.
B2B is not supported.
SEPA Instant Credit Transfer is not supported.

How reliable is this IBAN calculator? What I mean is say I supply the IBAN from this to my employer, would it affect the speed in which I’m paid/get paid at all?

I really don’t know…probably the best thing to do is to ask someone from Monzo via in-app chat.
As far as I know IBAN (for Monzo) is kinda not officially announced yet (but it works…not all “features” tho).

I mean…

1 Like

That tweet was over a month ago and still no official announcement… :thinking: wonder what went wrong

I’d guess nothing. Euros only is a partial feature. I’d wait for a full release (full connection, multi-currency) to announce it.

And hopefully SEPA Instant Credit Transfers too.

Is this situation sorted out yet? I joined Monzo because everyone was telling me how good it was for people who travel… but it seems it’s best for tourists who don’t work in other countries, and therefore get paid from other countries. This is a huge drawback and I couldn’t really recommend the ‘bank’ to any of my peers. A real shame.

2 Likes

By the look of things there’s an area in the app for IBAN now.

1 Like

Someone will be along to complain about the empty space in a minute… :joy:

I believe this has already been done when spotted a few weeks back :wink:

1 Like

Still not implemented :weary:

3 Likes

Hi Nicholas, is there any kind of ETA on IBAN? My employer requires it for salary, and I’m not trusting a pay check to an untested feature (via IBAN generator) for obvious reasons.

Note than I’m paid from the U.K., but payroll requires an IBAN for some reason.

2 Likes

IBANs are one of those ones where im very surprised it hasnt happened already.

Surely with profits being the main aim it makes sense to remove the blockers from letting people get money into their account as easily as possible.

1 Like