News Column

IBAN is mandatory from Sunday in Jordan to process money transfer orders

February 2, 2014

AMMAN The Central Bank of Jordan (CBJ) on Saturday announced that the use of the International Banking Account Number (IBAN) is mandatory, effective Sunday, February 2, 2014 , as part of the information that accompanies all forms of money transfers. Money transfer orders that do not carry an IBAN will not be accepted, the bank said, urging all holders of banking accounts, including individuals and institutions to acquire an IBAN from the banks where they have their accounts to ensure that their banking money transfer transactions are completed without any delays.

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Source: Jordan Times, The

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