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What is a personal dedicated IBAN account?

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Quick Answer

IBAN (International Bank Account Number) is an international format used to identify accounts at financial institutions. With a personal IBAN account, users can make deposits to and withdrawals from their accounts. Dedicated IBAN service at SpectroCoin is powered by UAB Pervesk.

The abbreviation ‘IBAN’ stands for International Bank Account Number. It is a globally accepted international format used to distinguish client accounts at financial institutions. IBAN consists of letters and numbers that identify the country, financial institution the account is opened in and the account owner.

Generally, IBAN accounts are used for sending, receiving and storing fiat funds. IBAN account owners can take advantage of the opportunity to make payments and receive transfers from other IBAN owners all around the world.

SpectroCoin gives you a possibility to take advantage of a European personal IBAN service – platform users can quickly and easily open an IBAN account at our partner UAB Pervesk and dedicate it to SpectroCoin services by linking it with their SpectroCoin wallet.

Dedicated IBAN services at SpectroCoin are provided by our partner UAB Pervesk, a company holding an Electronic Money Institution license and authorised by the Bank of Lithuania.
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