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The basic bank account number in Ireland is a fourteen digit number comprising a six digit routing code and an eight digit account number - all numeric. The Irish IBAN consists of 22 characters, made up as
follows:
ExampleIE29 AIBK 9311 5212 3456 78 IBANs should only be generated by the account operating bank. EU law requires all banks operating in the Euro currency zone to show a customer's IBAN on their bank statements. Account holders are required to notify their business partners of their IBAN on their letterheading and invoices. In particular IBANs are required to be quoted on all payment instructions from customers to their banks in order to qualify for the free or low cost payment service for transactions of less than EUR 12,500 value.
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The IBAN | |
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The beneficiary account title | |
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The BIC (eg SWIFT code) of the beneficiary's bank | |
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The currency and amount of the payment due | |
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Other details relating to the payee |
This barcode is always used on the IPI form (International Payment Instruction) which replaces the giro payment slip formerly found on invoices and other demands for payment.
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