IBAN account
We provide our users with a euro IBAN account. CFPS accounts and cards are issued by Unlimit, an electronic money institution registered in the Republic of Cyprus. Therefore, all accounts have a Cypriot IBAN (CY).
What should I do if my IBAN is not accepted?
Your IBAN should be accepted everywhere in the Single Euro Payments Area (SEPA) according to Article 9 of Regulation (EU) No. 260/2012. This means you can always use your IBAN to receive a salary or to send and get money transfers within SEPA. If you have a problem with your IBAN
acceptance, e.g. your employer only wants an IBAN of your country of residence,
try the following options:
- Inform your employer that your IBAN must be accepted under EU law;
-
Contact your relevant national authorities and provide them with all the
details of the incident, including the name of the company that refuses to
accept your IBAN.