Format of bank account numbers

Requirement

Countries and banks have different structures for bank account numbers.

Switzerland is part of SEPA. The International Bank Account Number (IBAN) is used in European countries for euro transfers.

M3 solution

The formats in this country for domestic and international bank accounts are supported by M3.

The local Swiss domestic and international payments for suppliers, in accordance with the SEPA and ISO 20022 standards, are supported by M3:

Domestic or EU transfers using QR-IBAN or the IBAN, with QR or SCOR reference or without reference.
Cross-border SEPA transfers
Cross-border non-SEPA transfers to international accounts, using an IBAN, BBAN and ABAN

The former DTA, EPO, and ESR payment formats are not supported any more, all these payments types are covered by the ISO 20022 standards.

Check routines are performed:

During entry, the IBAN is validated based on the check-digit figure.
During supplier invoice entry, the QR or SCOR reference number can be validated.

Effective from 2020, IBANs must be used for all transfers in Switzerland.

In 2019, the QR (Quick Response) invoice has been introduced. For security reasons, an additional QR-IBAN is allocated to every payee in addition to the standard IBAN. Numbers from 30000 to 31999 are exclusively reserved for the QR-IID (Instituts-Identifikation).

Note: The QR-IBAN must be used in connection with the QR reference. For transfers using the SCOR references or no reference the ordinary IBAN must be used.

General configuration guidelines


Format	Example
BBAN (Basic Bank Account Number)	Numeric, 17 digits long. Example: 00762011623852957 The first five digits are used for the bank identifier, known as Bankleitzahl.
IBAN (International Bank Account Number)	Alphanumeric, 21 characters long. Example: CH9300762011623852957 The first two characters are used for the country code. The next two digits are used for the check digit. The next five digits are used for the bank identifier (Bankleitzahl).
QR-IBAN (Quick Response International Bank Account Number)	Alphanumeric, 21 characters long. Example: CH2430043123456789012 The first two characters are used for the country code. The next two digits are used for the check digit. The next five digits are used for the QR-IID, from 30000 to 31999.

Specific configuration guidelines


Program ID	Program name	Description or comment
CRS072 CRS692 CRS690 CRS695	Bank Account Indicator. Open Bank Account. Open Bank. Open Bank Format. Open	See the Infor M3 Core Configuration Guide for Infor Localization Services GEMS for the detailed configuration guidelines for the applicable messages.