I need to pay some contractors by transferring money to their bank accounts. They've provided their IBANs, but I want to verify them before sending the funds. We've had cases in the past where there were errors in the numbers and the money just got stuck in limbo for weeks. Does anyone know where I can check if these IBAN numbers are actually valid and correct?

IBAN errors are more common than people think, especially when numbers are typed manually or copied incorrectly. One wrong digit can send your payment to the wrong account or cause it to bounce back after several days of processing delays.

Verifying IBANs before sending payments saves a lot of headaches down the line. A single incorrect digit can mean your money disappears into the banking system for days while they try to figure out what went wrong, and reversing those transactions is a nightmare of paperwork and fees. You can use this IBAN checker: https://nimlab.eu/iban-checker/ . It validates the format and structure of the IBAN to make sure it's actually legitimate before you hit send on the transfer.