Difference between revisions of "International Bank Account Number"

From Open Risk Manual
(Initial Entry)
 
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== Definition ==
 
== Definition ==
'''International Bank Account Number'''. (IBAN) It is an account 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.
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'''International Bank Account Number'''. (IBAN) It is an [[Account 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.  
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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.
  
 
[[Category:Supply Chain Finance]]
 
[[Category:Supply Chain Finance]]
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[[Category:Clients And Accounts]]

Revision as of 14:12, 13 July 2021

Definition

International Bank Account Number. (IBAN) It is an Account 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.