Michael Snow wikipedia@frontier.com wrote:
[...]
Also, I'm no expert on EU regulations, but I do observe that according to the European Payments Council, it seems payees receiving SEPA credit transfers are advised to communicate the IBAN "only where necessary": http://www.europeanpaymentscouncil.eu/index.cfm/sepa-credit-transfer/iban-an... (and likewise for payers making direct debit payments).
That text and Regulation 260/2012 it refers to use "only where necessary" to refer to the publication of the *BIC* as it is only necessary for routing in the transition period that ends February 1st, 2016 at the latest.
(and likewise for payers making direct debit payments). It may simply be that the fundraising team has been advised that this is more consistent with providing the IBAN upon request, rather than posting it on the website. Not to disparage what may be common practice at other organizations, but that does seem like a natural conclusion to draw from that guidance.
It could also be that the guidance was bad (or misunder- stood) and it is advisable to change banks before money is "lost".
Tim