IBAN (International Bank Account Number)

The International Bank Account Number (IBAN) is an internationally recognized standard, defined by ISO 13616, that uniquely identifies a customer's bank account for facilitating and automating cross-border and domestic payments, significantly reducing the risk of transcription errors and processing delays. Composed of up to 34 alphanumeric characters, the IBAN is a critical component for seamless financial transactions, particularly within the Single Euro Payments Area (SEPA) and the 87+ countries that have adopted the standard.