IBAN Convention

[Internationaloff]

What is an IBAN?
IBAN stands for International Bank Account Number. It is the ISO 13616 international standard for numbering bank accounts. In 2006, the International Organization for Standardization (ISO) designated SWIFT as the Registration Authority for ISO 13616.

Use
The IBAN facilitates the communication and processing of cross-border transactions. It allows exchanging account identification details in a machine-readable form.

Structure
The IBAN structure is defined in ISO 13616-1 and consists of a two-letter ISO 3166-1 country code, followed by two check digits and up to thirty alphanumeric characters for a BBAN (Basic Bank Account Number) which has a fixed length per country and, included within it, a bank identifier with a fixed position and a fixed length per country.
The check digits are calculated based on the scheme defined in ISO/IEC 7064 (MOD97-10).

The following countries have implemented the IBAN standard;
- Albania
- Andorra
- Austria
- Republic of Azerbaijan
- Bahrain
- Belgium
- Bosnia and Herzegovina
- Brazil
- Bulgaria
- Costa Rica
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Dominican Republic
- Estonia
- Finland
- France
- Georgia
- Germany
- Gibraltar
- Greece
- Guatemala
- Hungary
- Iceland
- Ireland
- Israel
- Italy
- Jordan
- Kazakhstan
- Republic of Kosovo
- Kuwait
- Latvia
- Lebanon
- Principality of Liechtenstein
- Lithuania
- Luxembourg
- Macedonia, Former Yugoslav Republic of
- Malta
- Mauritania
- Mauritius
- Moldova
- Monaco
- Montenegro
- The Netherlands
- Norway
- Pakistan
- Palestine, State of
- Poland
- Portugal
- Qatar
- Romania
- Saint Lucia
- San Marino
- Sao Tome And Principe
- Saudi Arabia
- Serbia
- Seychelles
- Slovak Republic
- Slovenia
- Spain
- Sweden
- Switzerland
- Timor-Leste
- Tunisia
- Turkey
- Ukraine
- United Arab Emirates
- United Kingdom
- Virgin Islands, British

IBAN REGISTRY

 

[adoffshore]

IBAN account is Europe only as far as I read it!

 

[Internationaloff]

IBAN account is Europe only as far as I read it!

The IBAN was originally adopted by the European Committee for Banking Standards (ECBS), and later as an International standard under ISO 13616:1997.

 

[belarus]

According to the information soon we will be able to send IBAN transfers worldwide, great, they are cheaper!

 

[adoffshore]

still many countries don't allow IBAN bank transfers!

 

[belarus]

But in the countries that support IBAN transfers it has been way easier and cheaper.

 

[Internationaloff]

But in the countries that support IBAN transfers it has been way easier and cheaper.

There is a difference between SEPA and NO-SEPA countries.
SEPA countries are cheaper and faster than NO-SEPA.

 

[belarus]

I'm always astonished about the quality of replies here.

 

[adoffshore]

I'm always astonished about the quality of replies here.

what do you mean? I just said IBAN is not supported in all countries

 

[aplusbangla]

How to get a faster IBAN for paypal?

 

[clemens]

How to get a faster IBAN for paypal?

sorry but what is a faster IBAN

I believe that OP made it very clear what a IBAN account is and how this system works mainly in Europe!

 

[holywater]

I hope there will be better SWIFT system fast like SEPA..Crypto?