IBAN
1
5.0
- noun
- UK
:
IBAN
- Both corporates and banks can get help from specialists such as Experian to ensure that, as IBAN-only payments come in from 2014, they can have confidence that business will continue.
Examples
-
When setting up your account, you will be asked to enter your IBAN for verification.
-
Transfer 1,000 USD to IBAN.
Blog text (25) -
Experian is working with a number of banks, consultancies, software vendors, and service providers to address the challenge of migrating existing domestic account numbers such as Bankleitzahl and Kontonnummer in Germany to SEPA IBANs.
Blog text (4) -
To make an international transfer, you must provide the recipient's IBAN to ensure the funds are sent to the correct account.
-
The IBAN helps facilitate cross-border financial transactions by standardizing account numbers across different countries.
How Widespread
- Formal
- UK
1
5.0
Surface Forms
Etymology
IBAN comes from the first letters of International Bank Account Number. It is a standard code banks use to identify an account in another country, like a 'passport' or 'phone number' for your bank account.