scooby_matt

I've sold an item through SN to a guy in The Netherlands and trying to sort out the money transfer.
He doesn't use paypal but has requested my International Bank Account Number to transfer the money to.
I've had a search on here but i'm really none the wiser.

Is it a case of contacting my local branch and getting a number?

Also, I expect there to be charges involved, so who'll pay these, me or him?

Cheers,

Matt

swtmerce

Hi there. Yes you need to get in touch with your bank for the IBAN and BIC numbers. The sender will pay a fee on his end and you will be effectively charged a (small) amount via the exchange rate used. Hope this helps

scooby_matt

Much obliged.

Any idea how long it takes for the funds to clear?

swtmerce

Quicker than UK to UK banks. About three days

scooby_matt

Thanks alot mate

Greatnorth

For those who bank with barclays they go to the trouble of printing your IBAN & SWIFTBIC numbers on your statements so you can do deals with your european friends super easy!

scooby_matt

I made the dud decision of Banking with the Halifax i'm afraid.
If Barclays can do it, why can't the rest of them?

scooby_matt

I'm going to check my statement.....

scooby_matt

It's on there (quickly retracts the above statement - Halifax are brill!)

Greatnorth

que tune "who gives you extra..."

scooby_matt

Cheers fellas.

Do I just need the IBAN and BIC number, or my bank account number and sort code aswell?

AudiLover

All of them

Brendan Hughes

You shouldn't need a/c and sort code, that's what your IBAN and BIC are.

You can try the belt and braces approach, but the Dutch guy's bank might not know where to enter them on the form

I believe it's part of EU standardisation that the IBAN and BIC should be printed on every statement, from last year.

Suresh

Would imagine he's using his Internet banking account to do it, so the IBAN, BIC and account name would be all he needs to make the payment online.

I occasionally make payments from Holland to the UK to help repair the economy that NL has made such a mess of and funds usually hit my UK account within 2 days of leaving here.

HTH

Suresh