Understanding the IBAN Issuance Process

Creating a Safe2transact account and receiving an IBAN are two separate processes. Completing your registration with Safe2transact does not mean that an IBAN is automatically created or immediately available.

Step 1: Registering with Safe2transact

The first step is to create and complete your Safe2Transact account. This gives you access to the Safe2Transact platform and the services available to you.

Account registration itself does not automatically generate an IBAN.

Step 2: Requesting an IBAN

Once eligible, you can submit an IBAN request through the Safe2transact platform.

Pressing Request IBAN submits your request for processing. It does not create an IBAN instantly.

Banking services are provided through our regulated partner, Stanhope Financial UAB, an authorised electronic money institution in Lithuania.

Step 3: Review and IBAN Issuance

After your request has been submitted, it must go through the required review and issuance process with our banking partner.

Unlike an instant, fully automated account-opening process, IBAN issuance may require additional processing and therefore takes time. Safe2transact cannot guarantee immediate issuance after a request has been submitted.

While your request is being processed, you do not need to submit another IBAN request.

How Will I Know When My IBAN Is Ready?

Once your IBAN has been successfully generated and made available, Safe2transact will notify you by email.

You can then log in to your Safe2transact account to access your IBAN details.

Important to Remember

Safe2transact registration → IBAN request → review and processing → IBAN issuance → email notification

Submitting an IBAN request starts the process; it does not mean that an IBAN has already been issued. Please wait for the email confirming that your IBAN is ready.