International Bank Account Number (IBAN)_

Travel businesses paying European suppliers, refunding European customers or accepting bank payments from European agencies rely on accurate IBANs to keep funds moving without delays. IBAN format checks catch many mis-entries before money leaves the bank.

For a UK operator paying European hoteliers, every IBAN is a chance to make a £20,000 mistake. The format check catches most errors, but a typo that produces a valid-looking IBAN against the wrong account is exactly the kind of error that takes weeks to resolve and tens of customer-service hours. The discipline of validation matters.

Travel businesses with mature payment operations store IBANs against the supplier or beneficiary record once, validate them on entry, and never re-enter them from a contract again. The businesses that re-key IBANs every time a payment goes out introduce error rates that compound with growth.

felloh stores supplier and beneficiary IBANs alongside the booking and supplier record so payments leave with valid details and arrivals are matched back to the right booking automatically.

The Beneficiaries page validates IBANs against the supplier record on entry, so the same IBAN is reused on every supplier payment without re-keying. The Cashflow view pulls inbound IBAN-based transfers and matches them against the bookings they relate to via AISP data and machine matching.

For travel businesses paying European suppliers and refunding European customers, IBAN entry stops being a source of error. The validation runs on every change, suspense items at the receiving bank become exceptions rather than routine, and the supplier picture stays clean as new counterparts onboard.