IBAN Validator
Check the validity and format of your International Bank Account Number (IBAN).
Frequently Asked Questions
What is an IBAN?
An IBAN (International Bank Account Number) is an internationally agreed 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.
Why is IBAN validation important?
IBAN validation is crucial for ensuring that international payments are processed correctly and efficiently. It helps prevent payment failures, delays, and associated bank fees by verifying the IBAN's format and check digits before a transaction is initiated.
How is an IBAN structured?
An IBAN typically consists of a two-letter ISO country code, two check digits, and up to thirty alphanumeric characters for the basic bank account number (BBAN), which varies by country.
What information does an IBAN contain?
An IBAN contains the country code, bank identifier, branch code (if applicable), and the specific account number, all structured to ensure its uniqueness and validity.
Are IBANs used worldwide?
While IBANs are predominantly used in European countries (especially SEPA zone), many countries outside Europe have also adopted or are in the process of adopting the IBAN system to standardize international payments.
What is SEPA and how does it relate to IBANs?
SEPA (Single Euro Payments Area) is an initiative by the European Union to simplify bank transfers denominated in euro. IBANs are a fundamental component of SEPA, enabling standardized and efficient cross-border payments within the SEPA zone.
Can I identify the bank from an IBAN?
Yes, part of the IBAN structure includes a bank identifier code. This allows for the identification of the specific bank and often the branch to which the account belongs.