November 11, 2011

Introduction of IBAN


Dear Customers,

this is to inform you that in compliance with Central Bank of UAE (CBUAE) mandate, the partner bank of GBULLION DMCC, Emirates NBD, is in the process of implementing IBAN (International Bank Account Number). IBAN is an International standard for identifying bank accounts across national borders to minimize risk of propagating transcription errors.

CBUAE mandate comes into effect from 19th November 2011, whereby all banks in UAE are required to accept and process payment instructions using IBAN instead of Account number.

That is from November, 19 onwards for all the bank wire transfers please use IBAN number (23 digits). It is going to be available in your personal accounts.

Should you have any questions, please do not hesitate to contact us.

Kind regards,
GBULLION Team

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