Understanding vIBAN V2

There are many times when you need to share an IBAN: to receive a refund, a transfer, a payment from a friend, a professional payment, or an administrative disbursement.

But sharing your primary IBAN isn't always ideal.

That’s why we’re launching IBAN One Way: a one-way IBAN designed for receiving money, without allowing direct debit requests.

In short:

• you can share it to receive transfers;
• it cannot be used to initiate a debit request;
• your primary IBAN stays more secure.

It’s a small banking detail, but a big change in how you share your account information.

Receive money, yes. Get debited, no.

Discover IBAN One Way in the Sumeria app.

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