Do I need an IBAN verification service or is the bank's details sufficient?

Hello everyone! I'm planning to make several international transfers and am wondering if I should simply enter the IBAN I was given, or should I double-check it? There are services that check the number against the international format, displaying information about the bank and what schemes it supports. This helps avoid errors when entering long numbers. While such structure and check digit verification seems useful, they don't confirm the account's existence. What do you think? Is this additional verification worth the time, or is it excessive?

 

A modern approach is to automate routine tasks. IBAN validation using specialized tools like https://nimlab.eu/iban-checker/ will confirm the structure and check digits in seconds. This isn't magic, but rather the simple theory of verification using the MOD-97 algorithm. Think of it as basic payment hygiene: the machine catches typos, and you save yourself the time and effort of correcting them. The innovation is to delegate the formalities to robots and leave the strategic decisions to ourselves.