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Is an internacional standard money transfer protocol to avoid the differing national standards for bank account identification such as bank, branch, routing codes and account number, etc.

The IBAN contains all the key bank account details such as Bank Identifier Codes, sort codes and checksums and where used has reduced trans-national money transfer errors to under 0.1% of total payments.

Examples of IBANs in written format. Greek IBAN: GR16 0110 1050 0000 1054 7023 795 British IBAN: GB35 MIDL 4025 3432 1446 70 Saudi Arabia IBAN: SA80 8000 0375 6080 1019 0160 Swiss IBAN: CH51 0868 6001 2565 1500 1 Israeli IBAN: IL30 0113 0300 0009 6339 234

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15y ago

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