What Is The International Bank Account Number at Finance

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What Is The International Bank Account Number

What Is The International Bank Account Number. Iban stands for international bank account number. Your iban helps banks to identify accounts held anywhere in the world so they can process international payments automatically.

What is an International Bank Account Number? Rutland FX
What is an International Bank Account Number? Rutland FX from rutlandfx.com

The first 4 digits represent the bank code, the next 5 digits represent the branch code, the last 3 digits represent the city code. Don’t let those last few digits confuse you! It may also be referred to as the numbering system that is globally accepted for the identification of international bank accounts.

What is an International Bank Account Number? Rutland FX

These 30 characters after the check digits is known as the basic bank account number (bban). If you need an iban to send an international payment, this guide is for you. Branch code (code guichet or sort code): An iban (international bank account number) is used in certain countries to uniquely identify a customer’s bank account.