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NL34MODR0002560631

Bank Name: MODULR FINANCE B.V.

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IBAN
NL34MODR0002560631Copy
Country CodeNL
Check Digits34
Bank CodeMODR
Branch Code000256
Account number560631
Bank Name
MODULR FINANCE B.V.
Branch Code
XXX
Bank Address
STRAWINSKYLAAN 4117
City
AMSTERDAM
Province/State
NOORD-HOLLAND
Postal Code/Zip
1077 ZX
CountryNETHERLANDS
SWIFT CodeMODRNL22XXX

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FAQ

Which bank does the IBAN NL34MODR0002560631 correspond to?

The IBAN NL34MODR0002560631 belongs to the bank MODULR FINANCE B.V., and the bank identity can be further confirmed via the SWIFT/BIC code MODRNL22XXX, ensuring accurate fund transfer during international remittances.

What should you pay attention to when making a transfer using the IBAN NL34MODR0002560631?

When using IBAN NL34MODR0002560631 for a transfer, it is recommended to also provide the recipient's SWIFT/BIC code MODRNL22XXX, bank name MODULR FINANCE B.V., and the complete bank address. Ensuring that all details are correct can effectively avoid the risk of transfer failure, delays, or funds being sent to the wrong account. It is best to use an IBAN validation tool to check the number's validity before making the transfer, reducing unnecessary issues.

How is the check digit in the IBAN NL34MODR0002560631 derived? What is its purpose?

The check digits are the second and third positions in NL34MODR0002560631, and they are used to prevent human input errors. By converting the IBAN into numbers and performing a modulo 97 operation, if the result is 1, the IBAN is valid. This ensures that when making international transfers (such as sending money to MODULR FINANCE B.V.), the funds are not mistakenly sent to the wrong institution.

Can one IBAN be shared by multiple accounts?

An IBAN number uniquely corresponds to a specific account and cannot be shared by different accounts. Each IBAN encodes unique account information, and if two accounts use the same IBAN, the banking system will be unable to correctly identify the specific receiving account. Therefore, when opening accounts at different banks or branches, even if they belong to the same account holder, different IBANs will be generated.

If I enter the wrong IBAN NL34MODR0002560631, will the transfer still succeed?

If you make a mistake while entering the IBAN NL34MODR0002560631, such as leaving out parts or entering incorrect characters, the bank system typically performs an initial verification based on the check digits. If an error is detected, the transaction will be rejected and the funds returned. However, if the check digits pass and only the account information is incorrect, the funds may be sent to the wrong account. In such a case, you should contact the sending bank MODULR FINANCE B.V. as soon as possible and provide the correct IBAN along with the corresponding SWIFT/BIC code MODRNL22XXX, in an attempt to intercept or recover the funds.
Disclaimer: The data provided on this page is sourced from the Internet and bank official websites and is for reference only. We do not guarantee the accuracy, completeness or timeliness of the data. Users should verify the relevant information and bear the risks of use.