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IBAN Numbers

International Bank Account Number (IBAN) makes international payments easier as it is the international standardized format for clients’ existing account numbers.

Wires being made to countries in the European Union will often require IBAN numbers in place of an account number.  When you are creating a wire in ScotiaConnect you will notice that there is a checkbox next to the account field.  Checking this box indicates you will be supplying an IBAN in place of an account number (The IBAN always contains the beneficiary's account number).

If you are not sure whether you should be using an IBAN or not it is best to have your beneficiary confirm with their bank and get up to date routing instructions to ensure your wires are processed as quickly as possible.

Note: Canadian Financial Institutions such as Scotiabank do not use IBAN numbers in North America.

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