IBAN

International Bank Account Number

An IBAN is a standardized international numbering system used to identify bank accounts across national borders. It was developed to facilitate international payments and reduce errors in cross-border transactions, typically alongside a SWIFT code.

IBANs can be up to 34 characters long and include a country code, check digits, and the domestic account number. They are primarily used in Europe and some other regions, especially for SEPA transfers. When processing international transfers on your bank statement, the IBAN ensures funds reach the correct destination account. You can verify any IBAN before sending money with our free IBAN checker. Other local formats include CBU in Argentina, CCI in Peru, and RIB in France.

Related Terms

BIC

Bank Identifier Code

A BIC is an 8 or 11-character code that uniquely identifies a bank for international transactions. I...

SWIFT Code

A SWIFT code is an 8 or 11-character code that uniquely identifies banks and financial institutions ...

SEPA

Single Euro Payments Area

SEPA is a payment integration initiative of the European Union for simplification of bank transfers ...

Wire Transfer

A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...

Routing Number

ABA Routing Transit Number

A routing number is a nine-digit code used in the United States to identify financial institutions. ...

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