Tuesday, 22 September 2020

IBAN Account Number Begins Today Aug. 1

All financial institutions in Costa Rica will officially incorporate, as of today, Thursday, August 1, the new International Bank Account (IBAN) code, which will replace the previous customer account number.

With the change, the 17 digit bank account and client account disappear, to give way to a new 22-digit alphanumeric format whose initial initials will be the acronym of the country, CR in the case of Costa Rica.

Carlos Melegatti, director of the Central Bank’s Payment Division, explained that the IBAN account is a standardized structure that identifies bank accounts, both nationally and internationally.

- paying the bills -

Melegatti explained that the main beneficiaries will be bank customers as payments and transfers are simplified.

For example, to transfer money befor sending you needed the know the bank you were going to send to, in addtion to the client number; to reeive you had to give the sender the bank name in addition to your account number.

  • CR is the country code
  • 05 is bank code
  • 0 before the account number
  • The 17 digit bank account number

With the IBAN, you can now send and/or receive with only the 22 digit number. This is especially useful when sending or receiving funds from abroad.

 

- paying the bills -

Users of online banking will also see the change in their account(s), the old bank account number has been replaced by the IBAN.

The IBAN number will also be included in debit and credit cards when they are replaced.

Don’t be scammed. Melegatti warned users that no official from financial institutions or the Central Bank will contact users to provide the IBAN account.

 

Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Do not be alarmed by dollar exchange at ¢600, it is a cyclical behavior

(QCOSTARICA) The behavior of the dollar exchange in recent weeks has...

Sinpe Móvil transfers grow by leaps and bounds in 2020

(QCOSTARICA) Money transfers in Costa Rica through the SINPE Móvil by...

MOST READ

Family waits days for Health to remove body from inside a house in San José

(QCOSTARICA) He had been dead for days, possibly since Friday. But it wasn't until Sunday night when family members called the COVID line, 1322,...

The death of Dr. Salas’ father comes at a difficult time

RICO'S DIGEST -  I have no doubt that this is a moment of great weight for the majority in Costa Rica who identify with...

It’s Autumn and Time to Buy Winter Clothes

For parents of toddlers, autumn is the time to get ready for the upcoming cold season. In northern regions, this is particularly important. Active...

Doctors took to the streets of San José to give away masks and teach how to use them

(QCOSTARICA) A group of some 15 doctors and helpers gave away masks and taught how to use them correctly to passes by on the...

Aftermath of COVID-19: the nightmare that survivors go through

(QCOSTARICA) Achieving the status of "recovered" from COVID-19 does not always mean that the person will be able to immediately return to their normal...

Making the IMF happy!

In this caricature by Crhoy.com, we see President Carlos Alvarado tipping the scales to please the International Monetary Fund (IMF) at the expense of...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.