FYI: identity theft

From: Jos Dreesen <jos.mar_at_bluewin.ch>
Date: Wed Nov 24 13:43:41 2004

>
> I've also had several people from other parts of
> Europe (I'm in the UK) asking if they can pay
> directly, all I need to do is provide an IBAN for
> my account. I've declined up to know (because I
> have no idea how it works, what scams might lie
> behind it and - most importantly - what the charges
> are and who pays them!) and they've all gone on to
> pay via PayPal.
>

IBAN is a very good way of transferring money inside Europe.
EU regulations make it illegal for banks to charge more for IBAN
transfers than for transfers inside a country.
This makes it in fact the cheapest way of transferring money inside
Europe.
I do not know how UK not being in the Euro zones affects this though.


                                        Jos
Received on Wed Nov 24 2004 - 13:43:41 GMT