The Internet can be a scary place. And we worry about safety, and security, and putting our money in the hands of others always comes with questions. No problem! Fonmoney is here to answer those questions!
What is the IBAN?
IBAN stands for International Bank Account Number. When the SEPA was introduced, the IBAN replaced the old format account number. It is the international version of the account number, and helps us carry out financial transactions across borders. For more information on the SEPA, please click here.
Why does the IBAN look like it does?
The countries vary slightly, but we have laid it out using the United Kingdom.
GBcc bbbb ssss ssaa aaaa aa
c - check code
b - bank code
s - sort code
a - account number
Where can I find it?
Since the IBAN is necessary to make any international transfers, you definitely need to know where to find it!
First check the documentation you received from the bank when opening your bank account. Usually the IBAN is right there in the contract. If you can’t find it, there are calculators online, or you could even call your bank. If you are a user of online banking you can also find the IBAN directly in your personal account.
If you have any other questions about IBAN or anything else please do not hesitate to contact us at firstname.lastname@example.org
What is SEPA?
In 2008, Europe introduced a new form of payments with Euro, called the SEPA (Single Euro Payments Area). It was an initiative by the European Payments Council, and is supported by a vast majority of European governments and banks as a way of simplifying international and national bank transfers.
The SEPA initiative means that all citizens and companies in Europe can send and receive money on equal terms. So a person living in Italy can send money to e.g. Romania, retaining the same rights and legal obligations as when making a transfer within Italy.
Thanks to the SEPA, money transfers can be made increasingly faster among the 27 members countries of the European Union as well as Liechtenstein, Iceland, Norway, Switzerland and Monaco.
Advantages to making SEPA transactions with Fonmoney
The creation of the SEPA has altered a few aspects of a traditional money transfer:
- You can now make transfers within the SEPA region from a single bank account, eliminating international payment barriers.
- Current credit cards are now safer thanks to the EMV security chip, which requires every customer to enter a PIN for each individual online purchase.
- Bank accounts now have two codes: the IBAN (International Bank Account) and the BIC (Bank Identifier Code). Using these makes for faster and more efficient transfers.
-Online transactions are becoming increasingly popular because customers can monitor and track payments via mobile devices or electronic invoices.
Fonmoney has been able to implement these new measures to offer one of the safest and most effective international money transfer services on the Internet.
Sending money to other countries is unbelievably easy with Fonmoney! Just visit our website www.fonmoney.com, enter the IBAN of the recipient and choose the amount of the transfer. That is all, because Fonmoney does not charge any fees!
Money transfers with Fonmoney are now even faster and safer thanks to the HooYu verification system!
Fonmoney has reason to celebrate! As of October 12 we have been able to count on the invaluable help from HooYu to improve our bank transfers.
The company is specialised in identification technology, which we have integrated into our site to assist in verifying our customers’ identity. We know that money transfers are serious and important, so we make sure to supervise and control every step during the security process of the transaction. And thanks to HooYu, we now use accurate facial recognition analysis in order to verify ID documents, making every transaction faster, easier and safer for our clients.
There are three ways to identify yourself for our system:
- Take a selfie
- Share your Facebook or LinkedIn profile
- Take a photo of your ID card, passport or driving license
This process is now not only better in protecting against fraud and risky operations, but it’s easy and accessible.
This news was received with applause from experts in the bank transfer sector. In addition to HooYu’s article on our new collaboration, many Internet portals have also started to follow us in using this recognition technology.
MobileIDWorld has reported the increased speed and security of money transfers with Fonmoney, and BiométricUpdate.com agrees, while noting that the Fonmoney processes are also increasingly efficient. The financial portals The Paypers, Finextra and Planet Biometric have highlighted the extra security Fonmoney now offers for making money transfers.
The most important thing for us at Fonmoney is the security of your money. That is why we are so happy we have been to go a step further in our collaboration with HooYu to offer our clients more transparent and secure services.
With a population of over 1,1 million Pakistanis, the United Kingdom is currently home to Europe’s largest Pakistani population. That said, Fonmoney is so happy to announce that you can now send top-ups from the UK to Pakistan! We support all major mobile phone providers: Mobilink/Warid, telenor, Zong and Ufone! It has never been easier or safer to send recharge to Pakistan, and because you do not have to register to send, the whole thing can even be anonymous! Try it out today at Fonmoney
Fonmoney is delighted to announce that we now offer top-ups to Pakistan!
You can send mobile recharge online to all popular Pakistani providers Mobilink/Warid, Telenor, Zong and Ufone! It has never been easier to load airtime to pre-paid mobile numbers within just minutes, and because there is no need to register at Fonmoney, the entire transaction can remain anonymous! Send top-ups to family and friends, relatives and colleagues in Pakistan!
Surprise someone with a mobile top-up today!
How do I make an international money transfer with Fonmoney?
To transfer money to a bank account with Fonmoney, there are just a few simple steps.
- - Visit www.fonmoney.com, select the country, and then choose the option "Transfer money online."
- - Enter the recipient’s name and IBAN
- - Enter the amount you want to send. *
- - Make your payment by credit card or Sofort Banking.
That’s it! Once you pay, we take care of the rest and make sure your money transfer is safely sent to the beneficiary's account.
*ATTENTION! Depending on the amount of money transferred, we may request some information from you. We are regulated by the Financial Conduct Authority, and are required to verify our customers in order to ensure that all money transfers are safe and secure.
What should I provide as information or documents to send money?
- - For transfers of up to €100.00 you are not required to provide any documents or information.
- - For transfers between € 100.01 - € 500, we must verify your identity as required by the Financial Conduct Authority. In this case, we need to confirm your current address (where you currently live) or attach a copy of your passport as a .PNG or .PDF file that is more than 800 px wide. Attachments as well as the expirations date must be clearly visible.
- - For larger transfers of €500 or more, we must verify your address, as well as ask that you upload one of the documents listed above.
How long does an online money transfer take?
Normally an online money transfer Fonmoney takes 1-2 business days, though in some cases security checks can cause a slight delay. If you are transferring a larger amount, Fonmoney may request some additional information, in compliance with the international regulations imposed by the Financial Conduct Authority.
How can I see the current status of the transaction conducted?
In order to make a money transfer on Fonmoney, you will need to register. Once the registration has been confirmed you can log into your account anytime, and view the details of all your transactions.
Is it safe to transfer money online with Fonmoney?
Fonmoney is an authorised payment institution acting according to regulations imposed by the Financial Conduct Authority (FCA) and controlled by HM Revenue and Customs (HMRC). By complying with all requirements and regulations of these institutions, we are able to ensure safe and reliable money transfers.
Fonmoney not only secures its safety in its role as a payment institution, but also by providing a secure website. You can find more details on the safety of the website here.
What commission is charged to transfer money online?
At Fonmoney all money transfers are free, we do not charge for your transaction.
How much money can be transferred for a single transaction?
Each customer can transfer a maximum of €2,000 per transaction.
Is there a maximum transfer amount permitted per month?
Yes. At Fonmoney you can send a maximum of € 3,000 per month. That means you can transfer money from abroad from various bank accounts but only without exceeding € 3,000 per month.
Can I send money online on any given day?
Fonmoney itself, and its website are available to you any time, and you can place your order at any time, but it will only be processed on a regular banking day for the recipient country.
What exchange rates does Fonmoney offer for online money transfers?
Fonmoney offers the best exchange rates!
Attention! If your money transfer takes place outside of trading hours, the foreign exchange rate is likely to have altered by the time business starts up again. If such changes take place, you will be notified by e-mail. We reserve the right to adjust the exchange rate while the markets are closed (on weekends, on holidays) to avoid potential losses due to varying exchange rates and to ensure that money transfers of our clients are made successfully to the end.
We live in a time where almost everyone at some point or another thinks about going abroad for work or travel. To do this though, you will have to say goodbye to family and friends back home, and start all over in a new country, maybe learning a new language, getting used to a different climate, a different culture. And though it may be hard at first, we often recover from being homesick and see the benefits of being abroad.
Get in touch from far away
Those who live away from home already know that there are some joys you can only achieve once you have gone. That first job, the first time you understand a cultural reference, or recognise a local custom - and when it happens, you want to tell your people back home!
I found a job! This is probably one of the first events that those back home are waiting to hear. After moving away, you finally found that job that will help secure your decision and future. Hearing the joy and congratulations from those who care about you is what finally helps the good news sink in!
I’ve met someone. There is a time for work, but there is a time for play too. See things, go places, meet people, and perhaps even fall in love! When you meet that special someone, you are just aching to tell your friends and family back home of your happiness.
I achieved a goal! Finished studies, a new car, a promotion in the workplace - life away from home is often an accumulation of individual steps that are achieved one by one. And every time another level is reached, you are filled with great joy, joy that needs sharing!
I’m coming to visit! No matter how well you are doing in your adopted home, there is a spacial place in everyone’s heart for where they come from. And sometimes, you are lucky enough to go home to visit for special occasions, or to get some much needed respite. Who is happier at the news that you are visiting - you or your mother?
We are having a baby! This is certainly the best news of all, but once it’s out, the phone will not stop ringing with people calling to congratulate and suggest names and ask for any and all new information, everyone wants to be a part of this special occasion!
Anyone who lives away from home knows that keeping the connection alive is one of the things that can keep us going day to day. Fonmoney helps you stay in touch with your loved ones in the fastest, safest and most affordable way on the Internet, so that you can share your good news at any time. To learn more, just visit this link!
10% Discount until 14 October!
Hurricane Matthew has swept over several countries, leaving behind uncertainty, fear and destruction. Here at Fonmoney, we are shocked, and want to show our condolences to all Cuban, Dominican and Haitian families affected by the disaster.
With this measure we want to help everyone get in touch with their loved ones after the disaster. We are aware of how important it is to know our relatives in these difficult times, so we want to give our full support by reducing our prices, while offering, as always, the fastest and most secure way to hear from their island.
We also want to give you the chance to send money directly to those you are worried about, friends, family, loved ones.
Fonmoney sends its condolences and compassion to the victims of the terrible devastation and hopes it will not happen again.
We are all thinking of you,
Your Fonmoney Team
Fonmoney is excited to announce that it has launched a new country! Fonmoney’s newest edition is Cuba with its sole mobile network operator Cubacel. Cubacel can be topped-up with 10 CUC, 20 CUC or 30 CUC. As usual, Cubacel can be topped up without registration in three short steps. The top up can be paid with paysafecard, Sofort Banking and by credit card. Also watch out for Cubacel double bonus offerings. During this bonus period, Cubacel gives ist customers 100 % on top of any top up made. For instance if you top-up 20 CUC you will get 40 CUC, that means you get 20 CUC on top of your recharge. To stay up to date when the next Cubacel double top-up bonus is coming, connect to our Facebook Cuba site. We are excited to help you send top up to your friends and family in Cuba.
Finally Fonmoney has added another currency that polish people can use to top up mobile credit of their friends and family in Poland or even their own prepaid phone. The top-up for Plus, Orange, T-Mobile, Heyah and Play can be paid via credit card and paysafecard from Norway. If you pay in NOK from your Norwegian bank account, you don't pay any extra fees to your bank and you don't have to convert the currency into Euros or Polish złoty.
The great thing about topping up your polish prepaid card via Fonmoney is that you don't have to register. All you need is the phone number you want to top up and your payment details. So topping up your Polish SIM is very easy and now it has become even more convenient to send mobile top ups by paying in various currencies, including Norwegian Krone.