Difference between revisions of "International Bank Account Number"
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== Definition == | == Definition == | ||
| − | '''International Bank Account Number'''. (IBAN) It is an [[Account | + | '''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. | 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. | ||
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.
