India Price Comparison Research
A dedicated comparison research team in Wise compared Wise to four India bank accounts. They found that we’re on average 1x cheaper to send ₹9,000 abroad....
Egypt adopts IBAN
An important change is coming to Egypt! From 3 December 2020, we’ll be requiring all transfers to EGP to be sent to an account identified by an International Bank Account Number (IBAN), rather than a bank code & account number.
This is in line with a decision by the Central Bank of Egypt made earlier this year to move all Egyptian accounts to the IBAN standard. Every bank account in Egypt will now have its own IBAN. Egyptian IBANs are 29 characters long, and start with ‘EG’.
Accordingly, the details of all current EGP recipients with no IBAN will be invalid from that date, and when you next send to Egypt, you’ll need to know the IBAN of your recipient and create it again. Aside from this, nothing else will change.
Thanks,
The Wise team
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We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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A dedicated comparison research team in Wise compared Wise to four India bank accounts. They found that we’re on average 3x cheaper to send ₹9,000 abroad....
IndusInd Bank partners with Wise Platform to bring low-cost and quick international payments to India
IndusInd Bank partners with Wise Platform to bring low-cost and quick international payments to India
