We've got a new business partner, and we need to transfer money to the account using the IBAN they provided. However, we'd like to verify it first to make sure the funds don't go to the wrong place. After all, this is our first transfer to this counterparty. Where can an IBAN number be checked?
Even when sending money to a counterparty you trust, it's always wise to verify the IBAN first. Mistakes happen, and they might accidentally give you a wrong or outdated account number. Recovering the funds later can be a real headache. You can use this free IBAN checker: https://nimlab.eu/iban-checker/ (https://nimlab.eu/iban-checker/) . With just one click, it will show you all the details you need.