ConnectPay joined the Accept my IBAN initiative

We‘ve partnered with Wise (former TransferWise) and other fellow fintechs: N26, Revolut, Monese and more to tackle the IBAN discrimination issue by creating a special reporting platform.

A lot of businesses in EU such as telecommunication providers, internet companies or, in some cases, even banks, refuse to accept IBANs, claiming that an IBAN from a certain country is needed – usually the country the service provider is located in.

IBAN discrimination occurs when a payment is declined because the bank account is held in another European country. This action is against the law. According to laws and regulations, IBAN account must be accepted from all EU countries. The law against IBAN discrimination was set up in 2014, and since then it has been trying to combat IBAN discrimination and resolve complaints.

7 years have passed since the legislation came into force and it‘s still a common issue that many people or business face.

Now there is an easy way for anyone to report IBAN discrimination issue via this platform: End IBAN Discrimination (acceptmyiban.org).

Anytime a problem of declined IBAN arises, take action and report it here.

All cases of IBAN discrimination submitted via the link will be anonymous. All personally identifiable information will be removed. More info on privacy can be found here: Privacy Policy – Accept my IBAN

Share this news

Related News

TechZero3

Reaching for change: ConnectPay joins TechZero to help fight the climate crisis

At ConnectPay, we believe that the business community plays a key role in fighting climate changes and has a lot of power to be a positive example. As we’re determined to take our part, our team has joined TechZero taskforce alongside Revolut, Bulb, Wise and other market players. Our goal is to reach net zero […]

04/08/2021
2021-05-18-Accept-my-IBAN-1-1024×536

ConnectPay joined the Accept my IBAN initiative

We‘ve partnered with Wise (former TransferWise) and other fellow fintechs: N26, Revolut, Monese and more to tackle the IBAN discrimination issue by creating a special reporting platform. A lot of businesses in EU such as telecommunication providers, internet companies or, in some cases, even banks, refuse to accept IBANs, claiming that an IBAN from a […]

01/06/2021
photo-1533558527255-407147f3ae72

Paytech Awards: ConnectPay announced to be a ‚Rising Fintech Star‘

ConnectPay with Agne Selemonaite in Deputy CEO position have been recognised as a “Rising Fintech Star” in Paytech Awards’2020. This prestigious endorsement is a further validation of the success of ConnectPay and it’s restless management. Less than three years in the market, ConnectPay has won numerous awards in regional payments field together with delivering outstanding […]

11/09/2020