From July 4, Belarus passes to the international account number structure (IBAN) and bank identification code (BIC). How do these changes affect the salines and legal entities?
What is iban?
IBAN (International Bank Account Number) is the International Customer Bank Account Number in the Bank or in another financial institution up to 34 characters long, which is assigned in accordance with the International Standard (ISO 13 616). IBAN was originally used to simplify and make faster processing of international payments in the EU countries (now IBAN is used in more than 70 countries of the world).
What will Iban look like for the Republic of Belarus?
IBAN account number will have 28 characters (letters and numbers) and look like this (example):
BY13 NBRB 3600 9000 0000 2Z00 AB00.
In the "old" account number - 13 discharges.
Why are Belarusians go to iban?
From January 1, 2007, the European Union banks may not accept payments in which the international account number does not meet the requirements of IBAN. Such payments are returned to the sender, besides, European banks may charge the payment commission.
Using the IBAN account number allows you to unambiguously identify the calculation participant, check the correctness of the indication of the account number before sending the payment, speed up the processing process while complying with the principle of pass-through continuous payment processing (Straight Through Processing - STP), reduce operational risks associated with incorrect payments, as Already at the stage of receiving the processing of customer payments, the Bank for control figures will be able to verify the correctness of the recipient's details. In addition, IBAN reduces costs when carrying out cross-border payments and implement integration processes.
Why do Iban account need to know your personal account number?
Cash recipient's account number in IBAN format should know the payment sender. Therefore, to obtain cash on bank transfer, a new account number must be informant to the sender. Physical persons who have accounts in banks, IBAN account number is needed in order to fill out a payment order when transferring money not only abroad (including the EU state), but also within the country.
What will happen if you do not arrange a new account?
Getting funds from abroad Citizen of Belarus can be able to be an IBAN account in the bank, and without opening an account. Regardless of whether a citizen said or not, the citizen of his counterparty information about his new account number, coming from July 4 to December 31 of this year, cash from abroad will be credited to the Bank to a new account. At the same time, if the calculations are carried out through a bank card or its details that remain unchanged, the account number is not necessary.
How to find out your account number?
The new numbers of IBAN account numbers can be found in banking divisions and in the banking systems of remote service. Information on new accounts may also be available in remote services that provide banks (Internet Bank, Mobile Bank, online Chat). From December 1 of last year to June 30 of this year, when opening new accounts, banks simultaneously make customers and new IBAN account numbers (28-bit). IBAN numbers are also assigned to all accounts that are open until December 1 last year.
Will the transition period be?
Transfers in favor of individuals on lists (salary, pensions, benefits and other), which will be received from July 4 to September 30, inclusive to enroll in old account numbers will be credited to banks to new IBAN account numbers. The transition period will be for Jurlitz. Thus, money on international bank transfer, which will be received by customers from July 4 to December 31 of this year inclusive to enroll in the old number numbers will be credited to the new number numbers of IBAN recipients.
Do I need to change cards and report a new account number to get a salary?
- No, it will not be necessary. The serving bank will independently replace the account. FROM donate a new account number for receiving a pension, scholarships and other payments is also not needed. Data on new account numbers The employer and other interested structures will receive centrally.
Do I need to change a permanent payment order?
- To preserve the PDP, the individuals followed by July 1 to inform banks about new details of remittances in IBAN format. If the client does not submit to the serving bank a statement on the change in recipients of recipients in permanent payment orders, the Bank will stop the execution of such assignments since July 1, 2017.What will change for Yurlitz?
Due to the transition of Belarusian banks on IBAN, the structure of correspondent, current (calculated) bank accounts, temporary, charitable, contributable (deposit) accounts will change. The structure of accounts for accounting in calculations on transactions with banks, accounts for accounting accounts in settlements on customer transactions, other accounts used in the implementation of the calculations by the National Bank, banks and non-banking credit and financial organizations of Belarus are also changed. In the National Bank, they add that until May 1, all the legal entities received notifications about changing their account numbers and bank identification codes serving their banks. "They, in turn, must submit new details to their counterparties both in Belarus and abroad, and take care of the submission of applications to the banks to change the details of the settlement documents that are in bank cards that are permanent payment orders, applications for payment acceptance Requirements in order to ensure the uninterrupted payment of the settlement, "clarify in the National Bank. At the same time, legal entities, according to which enforcement proceedings were initiated, it is necessary to apply to the enforcement body to inform the bailiff on new bank accounts, which, after July 4, funds should be sent, recovered from the debtor within the framework of enforcement proceedings.
Will banks work on the eve and on the day of entry into force of new accounts and BIC?
It is assumed that on June 30, on the last banking day before the transition to the new number of IBAN account numbers, all branches of banks will work in normal mode, taking into account the end of the month and the end of the quarter. As a rule, payments made "today" are listed for the next banking day. Therefore, the payments adopted on June 30 will be taken on old details, and listed on July 4 for new details.
Your bank Information IS Safe AS We Do Not Store Or View Any Data You Entered.
To Generate Iban for Account Number in Belarus, Type Swift / Bic Code, Branch Code, Account Number in the Specified Field in The Iban Calculator Below.
Make Sure The Length and Value You Enter, Follow The Format Specified on The Right of the Field. Please Omit Any Blanks or Dash.
If Your Account Number Length Is Less Than Specified Length, Insert Zeros In Front Of The Account Number to Get The Right Length.
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IBAN CALCULATOR FOR BELARUS
About iban Generation Tool
I Ban Generation Tool Is Designed to Create A Valid International Bank Account Number (IBAN) on Local Bank Code, Local Branch Code & Local Account Number Base on The Country The Bank is located. The Iban Generator Supports All Sepa Countries and Banks
The Tool Will Check The Length of The Local Bank Code, Local Branch Code & Local Account Number to Confirm with the Standard, Calculate Mathematical Checksum and Check IBAN STRUCTURE IN ORDER TO DETERMINE IF THE IBAN GENERATED IS VALID.
Kindly Take Note That, These Tools Do Not Actually Check If The Bank Is Exist With The Bank.
The Tool Is Provided for Informational Purposes Only. WHILST EVERY EFFORT IS MADE TO PROVIDE ACCURATE DATA, USERS MUST ACKNOWDGE THAT THIS WebSite Accepts No Liability Whatsoever with Respect to Its Accuracy. Only Your Bank Can Confirm The Correct Bank Account Information. If You are Making An Important Payment, Which Is Time Critical, We Recommend to contact Your Bank First.
The picture is illustrative
From July 4, 2017, new account numbers (IBAN) and new bank identification codes (BIC) will be applied in the Belarusian payment system.At the same time, the current 13-digit account numbers will replace 28-digit. IBAN numbers and BIC codes will be used both during calculations within the country and international calculations.
In this regard, the National Bank answered current issues on the translation of bank accounts of individuals in the format of IBAN and BIC, writes.
What is the difference between new account numbers?
New account numbers (IBAN accounts) have 28 alphanumeric discharges. The new number will look like this (example): BY13 NBRB 3600 9000 0000 2Z00 AB00. In the old account number - 13 discharges.
Where will IBAN individuals be used?
From July 4, 2017, IBAN account numbers will be used when making payment instructions for translats both within the republic and abroad. At the same time, the payer should have information not only about its IBAN account number, but also about the recipient's IBAN account number for making a payment instructions for the transfer of funds in favor of recipients - residents of the European Union and a number of other states.
How to find out your iban?
It is necessary to contact the servicing bank. Information about new accounts may also be available in remote services that provide banks (Internet Bank, Mobile Bank). IBAN account numbers are assigned to all accounts that are open until December 1, 2016. When opening accounts from December 1, 2016, by 30.06.2017, banks simultaneously assign valid (13-bit) accounts and new IBAN account numbers (28-bit ).
Will making changes to contracts with banks take?
Decree of the Board of the National Bank dated 23.10.2015 No. 633 "On the prospects for introducing international standards in the payment system of the Republic of Belarus" it was determined that banks should analyze the concluded contracts and adopt the measures defined by the terms of the contracts to bring them in line with legislation. Depending on how it is defined in the contract, it can be both an additional agreement and other order (for example, a public offer).
Is it necessary to inform someone your new account number to receive salaries, pensions, scholarships on a bank payment card, etc.?
No, not required. If the salary for the main place of work, the pension or scholarship is credited to the bank payment card, the new account number is to know and to someone report. As with the implementation of the calculations through this card.
However, if a citizen, for example, works under a contract, then in this case the new account number will need to be informant to the employer. Also, the account number of the cash recipient in IBAN format must be informant to the sender for money from abroad.
In addition, individuals, according to which enforcement proceedings, it is necessary to apply to the compulsory execution authority to inform the bailiff on new bank accounts, which after July 4, 2017 should be sent to the cash, recovered from the debtor under enforcement proceedings.
Will the procedure for payment of current payments (utilities, Internet, mobile phone, etc.) change (utilities)?
The procedure for making current payments, including through the ERIP and using the Internet Bank and Mobile Bank, will not change. However, if the client performs a one-time payment, when making it necessary to specify the account number and the bank recipient's bank, then in this situation it will be necessary to indicate new details.
Do I need to change a permanent payment order (PDPP)?
To change the details in PDPP, individuals followed by July 4, 2017 to contact banks with a statement to change the details. If the client does not submit a statement to the service bank to change the details in the PDPP, the Bank will stop fulfillment of such assignments since July 4, 2017.
Is the transition period provided when translating accounts for IBAN format?
In accordance with the Decree of the Board of the National Bank of 24.05.2017 No. 195, funds for international bank transfer coming by customers from July 4 to December 31, 2017 inclusive to enrollment on the old numbers of accounts (operating until July 4, 2017), will be credited to new recipient account numbers.
Where to handle questions about the transition to IBAN account numbers?
For all issues relating to the transition to IBAN and BIC accounts, as well as the order of their opening and use in settlements, it is necessary to contact the service bank.
The IBAN Calculator service appeared on the website of the National Bank. It allows business entities and citizens in online-mode to determine the number of the current (calculated) bank account of its counterparties in IBAN format.
Updated:
At the moment, the IBAN Calculator service on the official website of the National Bank of the Republic of Belarus is not available. Here is a link to all the basic documents on the transition to IBAN and BIC.
To learn the new number of your account (IBAN), you must contact your bank. If your accounts are open in several banks, then the corresponding number in the IBAN number can be obtained in a bank where the account is open. According to the International Standard, the exclusive right to issue an account number in IBAN format has only an account holder.
National Bank of the Republic of Belarus placed on its official website service "IBAN Calculator", BelTA reports with reference to the Office of Information and Public Relations of the National Bank.
The service allows on Online mode to determine the number of the current (calculated) bank account of the counterparty (legal entity, individual entrepreneur, notary and lawyer, carrying out lawyers individually) in IBAN format.
To determine the number of the current (calculated) bank account in IBAN format in the service menu, you must enter the 9-digit bank code or select its name, select the account currency and specify the old account number (13 characters). After entering data, the corresponding invoice values \u200b\u200bin IBAN and BIC format will be displayed in the dialog box.
The service also provides the possibility packet data processing.
According to the National Bank, the regulator website also contains topical "issues-answers" for legal entities and individuals for the transfer of bank accounts to IBAN and BIC format. The Bank recommends on all issues relating to the transition to IBAN and BIC, as well as the order of their opening and use in the calculations, contact the servicing bank.
As reported, from July 4, 2017, Belarusian banks will receive only those payment instructions that contain new account numbers (IBAN) and new bank identification codes (BIC). At the same time, IBAN and BIC will be used both during calculations within the country and for international settlements.
The introduction of IBAN and BIC into the practice of non-cash payments in Belarus and transboundary settlements will increase the reliability of operations, will speed up the processing of payments and reduce the costs when conducting them, will exclude the possibility of ambiguous identification of the participant of the calculations.
The decision on the transition of Belarusian banks on the use of IBAN and BIC in the implementation of non-cash settlements was made in 2015 as part of the implementation of the ISO 20022 Methodology Implementation Plan. Financial Services. Universal Financial Industry Communication Scheme "in the payment system of the Republic of Belarus for 2014-2017 .
In accordance with the decision of the NB RB of July 27, 2015. №440 "On the structure of the account number" From July 4, 2017, customers open in banks will change in the Republic of Belarus.
IBAN (International Bank Account Number) - International Bank Account Number. Used in international calculations. Complies with ISO 13616 standards.
IBAN was initially used to simplify and accelerate the processing of international payments in the states of the European Code. Currently used in non-EU countries.
International standards, in accordance with which an international account of IBAN format is formed:
- ISO 13616: 2007 "Financial services. International Bank Account number (IBAN) ";
- ISO 7064: 2003 "Information technologies. Method of protecting the control signs system ";
- ISO 3166-1 Alpha-2 "Country Codes".
Account structure
The new IBAN account number has a fixed length of twenty-eight discharges and the following structure:
Aabb CCCC DDDD Eeee Eeee Eeee Eeee, where
- AA. (1 - 2nd letter discharges) - International Code of the Republic of Belarus;
- BB (3 - 4th digital discharges) - a control digital value calculated in the manner prescribed by the NB RB regulatory documents;
- CASS (5 - 8th alphanumeric digital discharges) - the first four symbols of the bank identification code of the bank;
- DDDD. (9 - 12th digital discharges) - Balance account according to accounting accounts plans;
- Eeee Eeee Eeee Eeee (13 - 28th alphanumeric digital discharges) - Numbering of an individual account defined by banks.
Why do you need to know the account number in IBAN format?
From July 4, 2017, the new account number in the international IBAN format and the new bank identification code of Belgazprombank OJSC OLMPBY2X will be applied in the implementation of interbank and international transfers (calculations).
How to find out the account number in IBAN format?
You can learn a new account number in the bank from your manager or at a single number 120 in the contact center.
Important!
Changing the format of the account number will not affect the mode of operation, maintenance and use by clients of their accounts.
About working with settlement documents
From July 4, 2017, the estimated documents containing account numbers and bank identification codes, in force until July 4, 2017, will not be accepted for execution (collection).
In accordance with the Decree of the Board of the NB RB No. 195 dated 05.24.2017 until July 4, 2017, it is necessary to submit to the Department of Accounts Changes on Changing Accounts and Banking Identification Codes of Banks serving beneficiaries to the new beneficiary account numbers and new bik of banks serving beneficiaries , according to the following documents:
- permanent payment orders (if available in the bank)
- payment request without the payer's acceptance on the recovery of funds in indisputable procedure on the basis of executive documents of ships, notaries.
In the absence on July 4, 2017, the statements of payers, recovers about the change in the settlement documents located in the Card files, the numbers of the beneficiaries and bank identification codes of banks serving beneficiaries to the new number of beneficiaries and new bik of banks serving beneficiaries no later than 5 July 2017:
- estimated documents on paper will be returned to the payer, a recovery without execution;
- estimated documents in the form of an electronic settlement document will not be executed, which will be sent to the appropriate email.
