What is IBAN? Countries that use IBAN

ISO 13616 IBAN Standard Structure IBAN is described in ISO 13616-1. It consists of a country code ISO 3166-1, with two check numbers followed, and a BBAN (Basic Bank Account Number). With a fixed length and, included in it, a banking identifier with a fixed place and a fixed length per nation, with up to 30 alphanumeric characters.

The control numbers are calculated based on the ISO / IEC-7064 system (MOD97-10).

Terms and definitions Bank identification: Identification identifier unique to a financial organization and, when applicable, to that financial institution's branch serving an account The branch identification format of this registration shall, where applicable, be shown specifically.

BBAN: basic bank account number: The identifier that defines a particular account, in a particular financial institution, in a certain nation. BBAN comprises the financial institution that serves this account's bank identifier.

IBAN: international bank account number: The extended version for the international use of the fundamental bank account number (BBAN). In a particular financial institution in a particular nation, the IBAN defines an individual account. Submitters of the nationally accepted IBAN compliant formats ISO13616 are solely presented by the State Standards Authority or the National Central Bank of the nation to the registration authority. 2 ISO 13616-C.

International Bank Account Number (IBAN) is a cross-cutting agreement to enhance correspondence and process transboundary transactions, with a decreased danger of translation errors, across domestic boundaries. The international bank account number (IBAN).

It was initially received by the European Committee for Banking Standards (ECBS), and later as a universal standard under ISO 13616:1997. The present standard is ISO 13616:2007, which shows SWIFT as the formal enlistment centre. At first, created to encourage instalments inside the European Union, it has been actualized by most European nations and various nations in different pieces of the world, basically in the Middle East and in the Caribbean. As of February 2016, 69 nations were utilizing the IBAN numbering system.

The IBAN comprises up to 34 alphanumeric characters: Country code; two check numbers; and the national account number, branch identification and prospective data on the route. The check numbers allow a check to verify the completeness of the bank account before a transaction is submitted.

An IBAN is utilized in certain countries to exceptionally recognize a client's bank account. The IBAN comprises alphabetical code, trailed by two digits, and afterwards up to thirty-five characters for the ledger number. For payments being sent from Australia to an IBAN obligatory nation, an IBAN must be incorporated.

For non-listed persons, IBAN may or may not be optional (e.g. the USA)

Before IBAN, varying national norms for ledger account distinguishing proof (for example bank, office, steering codes, and record number) were mistaken for certain clients. This frequently prompted vital routing data being absent from payments. Routing data as determined by ISO 9362 or called Business Identifier Codes (BIC code), SWIFT ID, and SWIFT-BIC) does not require a particular arrangement for the exchange. So the identification proof of accounts and transaction types is left to agreements of the transaction accomplices. It additionally does not contain check digits, so blunders of translation were not perceptible. Also, it was unrealistic for a sending bank to approve the steering data before presenting the payment. Steering errors caused deferred payments and brought about additional expenses to the sending and receiving banks and regularly to the middle of the road routing banks.

The IBAN has up to 34 alphanumeric characters.

  • Country code with alpha-2 ISO 3166-1 2 letters,
  • Check figures two digits, and
  • Base Account Number (BBAN) up to 30 country-specific alphabetic characters

The check numbers allow a health check to confirm the completeness of the bank account number before a transaction is submitted.

When transferred electronically, IBAN should not contain spaces. The last group of four characters with variable duration is displayed when printed and is divided by a single room in a group of four characters.

Country & IBAN formatting example

Switzerland CH56 0483 5012 3456 7800 9

United Kingdom GB98 MIDL 0700 9312 3456 78

Saudi Arabia SA44 2000 0001 2345 6789 1234

Belgium BE71 0961 2345 6769

France FR76 3000 6000 0112 3456 7890 189

Germany DE91 1000 0000 0123 4567 89

Greece GR96 0810 0010 0000 0123 4567 890

Romania RO09 BCYP 0000 0012 3456 7890

Spain ES79 2100 0813 6101 2345 6789

IBAN characters allowed include the numbers 0 to 9 and the 26 Latin alphabetic characters A to Z, also in countries, e.g. Thailand, where they are not used in a national language.

EEA and territories

The banks of most countries in Europe distribute account numbers utilizing both the IBAN position and the nationally perceived identifiers, this being obligatory within the European Economic Area.

Everyday organization of banking in British Overseas Territories varies from an area to domain; a few, for example, South Georgia and the South Sandwich Islands, have too little a population to warrant a banking structure. While others, for example, Bermuda, have a flourishing financial part. The utilization of the IBAN is up to the nearby government Gibraltar, being a piece of the European Union is required to utilize the IBAN. Similar to the Crown assurance, which utilizes the British clearing system, and the British Virgin Islands have done as such. As of April 2013, no other British Overseas Territories have utilized the IBAN. Banks in the Caribbean Netherlands additionally don't utilize the IBAN.


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