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A typical British bank statement header (from a fictitious bank), showing the location of the account's IBAN. The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.
As of February 2014 all countries in the Single Euro Payments Area have switched to an IBAN-based system for clearing (including TARGET2 for cross-border transfers). The national bank codes have been integrated into the IBAN definition, in most cases at the start of the new account number (starting at position 5 after the common prefix of two ...
Other countries, however, have or had codes which are equivalent to sort codes, but with formats unique to the country concerned. Examples include: Germany/Austria: Bankleitzahl (BLZ) – superseded by and incorporated into the IBAN as part of SEPA standardization; Switzerland: Bankenclearing-Nummer (BC-Nummer) Australia: Bank-State-Branch (BSB)
IBAN stands for international bank account number, and this number works like a routing number for international transactions. The number identifies the country where a bank is located and also ...
The IBAN was originally developed to facilitate payments within the European Union but the format is flexible enough to be applied globally. It consists of an ISO 3166-1 alpha-2 country code, followed by two check digits that are calculated using a mod-97 technique, and Basic Bank Account Number with up to thirty alphanumeric characters. The ...
Any process towards IBAN would involve considerable changes to bank software and computer systems, and the requirement for financial institutions to adopt defined length account numbers. Outgoing international transfers must use either the SWIFT or IBAN system in use in the destination country, which would incorporate that country's format for ...
The CLABE (Clave Bancaria Estandarizada, Spanish for "standardized banking cipher" or "standardized bank code") is a banking standard for the numbering of bank accounts in Mexico.
IBAN or Iban or Ibán may refer to: Banking. International Bank Account Number; Ethnology. Iban culture; Iban language; Iban people; Given name. Cycling. Iban ...