An International Bank Account Number (IBAN) is a unique code that identifies bank accounts across the world. IBANs ensure simple and secure international transactions.
How is an IBAN structured?
- Country Code: Two letters indicating where the account is located.
- Check Digits: Two digits for error checking to ensure transactions are accurate.
- Bank Identifier: A code specific to the bank or financial institution.
- Account Number: A unique account identifier within the bank or financial institution.
Most European accounts have an IBAN. Find yours through your bank or financial institution’s online platform.