Best practices

Be careful when sharing your IBAN

Sharing sensitive banking information such as your International Bank Account Number (IBAN) with others can be risky. While it is essential to share this information for transactions such as wire transfers, it is equally important to ensure that you only share it with trustworthy individuals or entities.

Sharing your IBAN with someone you do not trust can result in unauthorized transactions, identity theft, and other financial fraud. Scammers can use this information to drain your bank account, steal your identity, or engage in other illegal activities.

Therefore, it is essential to always be careful when sharing your IBAN. Do not share your banking information with anyone unless you are confident that they are trustworthy. Be sure to keep your IBAN information private and secure, and avoid sharing it through unsecured channels such as email, instant messaging, or social media.

If you need to share your IBAN with someone, make sure that you do so through a secure platform. Websites like offer secure, encrypted services that allow you to share your sensitive banking information with others safely.

In conclusion, protecting your IBAN is crucial to safeguarding your financial well-being. By being cautious about who you share your banking information with and using secure platforms to share it, you can help prevent financial fraud and identity theft. Remember, never share your IBAN with anyone you don’t trust.