IBAN meaning in Accounts and Finance ?

Answer:

What is International Bank Account Number mean?

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 with a reduced risk of transcription errors. An IBAN uniquely identifies the account of a customer at a financial institution. It was originally adopted by the European Committee for Banking Standards (ECBS) and later as an international standard under ISO 13616:1997. The current standard is ISO 13616:2020, which indicates SWIFT as the formal registrar. Initially developed to facilitate payments within the European Union, it has been implemented by most European countries and numerous countries in other parts of the world, mainly in the Middle East and the Caribbean. As of May 2020, 77 countries were using the IBAN numbering system.

The IBAN consists of up to 34 alphanumeric characters comprising a country code; two check digits; and a number that includes the domestic bank account number, branch identifier, and potential routing information. The check digits enable a check of the bank account number to confirm its integrity before submitting a transaction.

reference

Full Form	Category
International Bank Account Number	Accounts and Finance
Internation Bank Account Number	Banking
International Banking Account Number	Banking
International Bank Account Num	Banking
Ibaninternational Bank Account Number	Banking
Intl Bank Account Number	Banking
Inclusive Business Action Network	Business
International Board of Auditors for NATO	International