International Bank Account Number

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The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders with a minimal of risk of propagating transcription errors.

It was originally adopted by the European Committee for Banking Standards (ECBS), and was later adopted as an international standard under ISO 13616:1997 and now as ISO 13616-1:2007.[1] The official IBAN registrar under ISO 13616-2:2007 is SWIFT.

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 a 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 (BBAN) with up to thirty alphanumeric characters. The BBAN includes the domestic bank account number and potentially routing information.

The national banking communities decide individually on a fixed length for all BBAN in their country.

[edit] Also See

[edit] Reference

  • Wikipedia International Bank Account Number [1]

[edit] External links

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