Difference between revisions of "International Bank Account Number"
From Open Risk Manual
Wiki admin (talk | contribs) |
(No difference)
|
Latest revision as of 15:13, 13 July 2021
Definition
International Bank Account Number. (IBAN) It is an Account Identifier (number) written in a standardized and internationally recognized format which is used to identify an individual account, making it faster and easier to process cross-border transactions across Europe.
An IBAN is made up of a code that identifies the country the account belongs to, the bank the account belongs to, followed by the account number.