IBAN

(International Bank Account Number, "IBAN", is an international term).

The IBAN is a standardized international bank account number that is used for cross-border payments in order to process transactions securely and efficiently.

IBAN

The IBAN (International Bank Account Number) is a unique identifier for bank accounts that is used internationally to enable smooth and secure transfers between countries. The IBAN contains information such as country code, check digit, sort code and account number. This structure ensures that payments are forwarded correctly to the destination account. The use of IBAN facilitates international money transactions and significantly reduces potential errors in transfers.

IBAN examples

A company in Germany sends a bank transfer to a supplier in France using the IBAN of the recipient's account.

A student from the USA who is studying abroad uses the IBAN of his bank account to pay regular tuition fees.

An online merchant accepts international payments from customers and asks them to enter their IBAN to complete the transaction.

IBAN FAQ

  • The IBAN has established itself as an international standard and is used in a large number of countries worldwide. In addition to most European countries, it is also used in many other regions. This global acceptance makes it possible to process international money transfers efficiently and accurately and to make cross-border financial transactions seamless.

  • The importance of the IBAN is demonstrated by its central role in the secure and smooth transfer of funds across national borders. By standardizing the account number structure, the risk of incorrect transfers is reduced, which in turn minimizes time, costs and potential inconvenience for customers and banks. The IBAN facilitates the precise identification of bank accounts and ensures the effective processing of international transactions.

  • You can find your individual IBAN in various places. It is noted on your account statements, which are a reliable source for your account information. In addition, most online banking platforms have the IBAN clearly visible in the account details, which makes it easier for customers to access. If there is any uncertainty, your bank will be happy to provide information and assistance in finding your IBAN. The wide availability of this information ensures that customers can easily find their IBAN to enable secure and accurate banking.