The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross-border transactions.

Introduced by the European Committee for Banking Standards (ECBS), IBAN was designed to:

• Minimize transcription errors
• Facilitate automated processing of cross-border transactions
• Improve the validation of account information

An IBAN consists of up to 34 alphanumeric characters, comprising:

• A country code
• Check digits
• Basic Bank Account Number (BBAN)