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Starting aing year, Costa Rican banks will absorb all numbers accompanying to their customers’ accounts into a distinct 22-digit annual number, accepted as IBAN, the Central Coffer of Costa Rica (BCCR) reported.

Now, anniversary coffer uses different numbers to analyze blockage accounts, accumulation accounts, acclaim cards, loans and other transactions. However, in January, Costa Rica will accompany the IBAN (International Coffer Annual Number) standard for assuming all affairs both locally and with banks from abroad.

The change will not absorb above changes for banks’ customers, except for IBAN codes that will be book on checkbooks, drop forms and added coffer documents, he said.

BCCR’s Director of Financial Services Carlos Melegatti said in a news release that the new system will facilitate affairs for bounded banks and customers. It additionally will acquiesce bounded banks to accede with all-embracing cyberbanking regulations including those from the European Committee for Cyberbanking Standards, he said.

Melegatti said several banks already accepted that they will alpha appliance the IBAN analysis architecture in their affairs with the Central Coffer starting Jan. 22. The arrangement should be absolutely implemented at all country banks by the end of 2018, he said.

The Central Coffer noted that it will stop taking checks and added banks abstracts that abort to comply with the new identification architecture in January 2019.

The IBAN cardinal for Costa Rican banks will accommodate the country cipher (CR), two analysis digits, a aught and again the 17-figure agnate to a client’s coffer account.

The BCCR created an online appliance to catechumen the 17-digit applicant annual into the IBAN format. You can analysis the change in your coffer annual numbers here.

The Banco Nacional de Costa Rica reported on Monday that it will accomplish the about-face of their barter applicant annual to the IBAN architecture automatically for all its clients. Starting in January all new checkbooks and acclaim cards affectation the IBAN.

Costa Rica is the third country in the arena to affirm the accomplishing of the standard, afterward Guatemala and the Dominican Republic, the BCCR reported.

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