NB My explanation can differ from what the rules and regulations in the US are. It is, however, a textbook example of the bureaucratic monster the All Want For Christmas Is More Yarn T-Shirt The aim of the EU is unifying administrative procedures all over the continent, among other things banking regulations. The Netherlands, Belgium, Scandinavian members, Germany, Hungary, The Czech Rep., Italy have agreed to simplify financial transactions by using the same rules and procedures. One simple change was to introduce the same type of account numbers: BE15- 10numbers – 2 control digits. OK, no problem.
Except in France. They use acc. numbers with
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characters and (for reasons of esthetics) they NEVER print it on their invoices. Instead the All Want For Christmas Is More Yarn T-Shirt don’t want to know (name and year of foundation of the company + ‘at a capital ’ + all their addresses worldwide, but no account number or invoice reference). The amount to be paid is hidden in a text that expresses their gratitude for your trust in their products and their hope to keep it that way and paragraph after paragraph of nonsense.