How do I create an IBAN?

You need to go through four key stages: create an account; verify your data; apply for a UIN; and wait for the registration to be completed. After that, you can use all the system features to work with international partners.

Is IBAN enough to get paid?

No, it's not. You will also need cards to/from which payments will be made, a payment system to process transactions, and financial institutions where funds will be deposited. In addition, it is advisable to have several currency accounts if you plan to receive or send funds in different currencies.

What is the benefit of IBAN?

It allows you to conduct transactions quickly in more than 200 countries. In addition, all financial transactions are secure and completely safe. You don't have to worry about the possibility of interception or diversion of funds, as the transfer process is carried out directly between accounts and identifiers.

Is IBAN better than Swift?

It is not entirely correct to compare these two systems. While SWIFT is an identifier of a financial institution, IBAN is assigned to a specific legal entity. This means that when conducting a transaction, you are not tied to any provider but can use accounts from different financial systems.

Is IBAN the same in all countries?

Not quite. The digital number is common to all, but the identifiers are different and are assigned according to the country of registration of the legal entity, company, etc.

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Set up global IBAN Account

With Transferra, you can send and receive payments across UK, Europe and beyond using trusted channels like SEPA, SWIFT, BACS, and Faster Payments. Our IBAN accounts meet strict EU compliance standards, helping you operate securely and without restrictions.

Manage multi-currency transactions, enjoy transparent pricing, and stay in control - all from one powerful platform.