in

Central Bank To Replace SINPE With IBAN For Interbank Transfers

The Central Bank announced it will end the SINPE (Sistema Nacional de Pagos Electrónicos) transfers format by the end of the year, when all financial entities must apply the International Bank Account Number (IBAN).
Starting on January 1, 2019, the 17 digit SINPE client account number currently used to receive or send money between financial institutions, will no longer be used.
The IBAN is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross-border transactions with a reduced risk of transcription errors.
The IBAN is currently used by financial institutions in Costa Rica for international transfers. The IBAN uniquely identify a customer’s bank account, consisting of an alphabetical country code, followed by two digits, and then up to thirty

... continue reading article at QCOSTARICA.com Click here to go to the source article.

Written by Q COSTARICA

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

More than 30 Million Mexicans Working in the Informal Economy

Tourism Generated US$228 Billion In The Last Decade