What is an IBAN and how is it used on ANote?

If you have an account on ANote Music you will see the IBAN acronym to save your bank details on the platform or in order to deposit funds.

What is an IBAN:  

IBAN (International Bank Account Number) is a standardised alphanumeric code used to identify bank accounts internationally. It is typically composed of two letters representing the account's country, followed by the bank code and account number. IBANs are used by banks mainly in Europe and some other countries to facilitate international transactions. If you do not know your IBAN number, your bank can easily provide you with this information. You may also find it on your banking app.


How is the IBAN used on ANote? 

Once you create your account, we require your IBAN number as part of the Financial details required to enable withdrawals from your ANote Music account. We will utilise these banking details (IBAN and SWIFT/BIC) to transfer funds from your ANote Music account to your personal bank account at such time when you request a withdrawal.

When you create an ANote Music account, you will be provided with a personalised IBAN (bank account) under your name. 


How is IBAN used for bank transfers?

An IBAN allows you to upload funds via bank transfer. To do so, you will need to transfer funds from your personal bank account to your ANote Music account using a bank wire transfer, at that point you need to input the required information: IBAN, SWIFT code and Reference code (if applicable).


How are my funds protected & secured?

Your financial details, deposited funds & transactions within ANote Music are handled by Mangopay SA, a trusted third-party payment provider that operates under the regulatory oversight of the CSSF (Commission de Surveillance du Secteur Financier), the foremost public authority in Luxembourg responsible for supervising financial products and services.