Michael Snow <wikipedia(a)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-a…
(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