ABN AMRO makes leaps in transition to IBAN

What is IBAN? Erica Kostelijk: "IBAN stands for International Bank Account Number and is the result of new European regulations. Currently, every European country has its own form of payment. Starting 1 February 2014, each country will have the same form of payment under these new regulations. The goal is to make payments between European countries easier and more uniform, which will boost competition and stimulate the European economy.”

Why is ABN AMRO switching over on 8 January? Gijs Schreuder: "All bank account numbers must be switched over by 1 February. This date is approaching and our clients – both retail and business – are asking for their IBAN more frequently. We want to help them with these changes and make the transition as smooth as possible, which is why we’ve opted for a phased roll-out.”

Many payments within ABN AMRO Internet Banking have been processed based on IBAN since late March last year. Starting 8 January, this will be required for all payments. In the period from then until 1 February, when the transition to IBAN will be finalised, ‘old’ bank account numbers will be automatically changed to IBAN. After that, clients will have toenter the full IBAN themselves.

Will Internet Banking look the same? Gijs Schreuder: "No, Internet Banking will undergo some changes as well. The current six money transfer pages and the existing menu will be replaced by one page, which will make transferring money easier.” Find out more about our renewed Internet Banking <<LINK>>  https://www.abnamro.nl/nl/prive/betalen/internet-bankieren/veranderingen.html

Will mobile banking switch to IBAN on 8 January as well?   Gijs Schreuder: "The changes to the Mobile Banking App will take place later, on 20 January.”

How will I as a client be informed?   Erica Kostelijk: "Clients will be informed extensively about the changes in Internet Banking through channels such as the bank mail and our website. We’ve also made several technical changes to support our clients:

•   Starting 8 January, the address book in Internet Banking will be converted to IBAN. Payments made before 8 January but processed after 8 January will also be converted to IBAN, meaning clients won’t have to take action.  

• Starting 8 January, existing standing orders of all clients will be converted to IBAN.”

Where can I find the IBAN? Erica Kostelijk: "Clients can find their personal IBAN in the dropdown menu of the transfer page. The IBAN can also be found in the address book. Debit cards issued after September 2012 also contain the IBAN, as well as transfer forms issued since February 2013.

Beneficiaries can find the IBAN of the ‘old’ bank account number on ibanbicservice.nl. Click on ‘IBAN BIC Check’. In the following screen, you can enter the recipient’s bank account number. After clicking on the ‘send’ button, the corresponding IBAN will appear.”

More information Retail clients can go to www.abnamro.nl/overopiban. Business clients can find more detailed information at www.abnamro.nl/sepa. After filling out the SEPA tool on this page, the client will immediately receive an overview of all the consequences SEPA will have for theirorganisation by email. The SEPA READY CHECK <<LINK https://extra.abnamro.nl/sepachecklist/nl/p1.php >> helps clients to make sure they’re ready for SEPA. Clients can, of course, put their questions to a contact person at ABN AMRO. Read more about the changes <<LINK https://www.abnamro.nl/nl/prive/betalen/geld-overmaken/veranderingen-over-op-iban.html >> in the transition to IBAN.