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Standard Item: IBAN - International Bank Account Number, ISO 13616



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Description (HTML) The International Bank Account Number (IBAN) is an internationally agreed means of identifying bank accounts across national borders with a reduced risk of transcription errors. 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 13616:2007, 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 many countries in the developing world, especially in the Middle East and in the Caribbean.

The IBAN consists of up to 34 alphanumeric characters: first the two-letter ISO 3166-1 alpha-2 country code, then two check digits, and finally a country-specific Basic Bank Account Number (BBAN). The check digits enable a sanity check of the bank account number to confirm its integrity before submitting a transaction. The BBAN format is decided by each national banking community: it must be of a fixed length of case-insensitive alphanumeric characters. It includes the domestic bank account number, branch identifier, and potential routing information.

Source Description
Source URL http://en.wikipedia.org/wiki/ISO_13616
Document No document attached...
Item Quality Status (Item Quality Status) Incomplete
Lifecycle - Planning Start Date UNKNOWN
Lifecycle - Planning End Date UNKNOWN
Lifecycle - Exist Start Date 1997-01-01
Lifecycle - Exist End Date UNKNOWN
Updated by webea.09
Updated on 2014-05-16 17:42:22
involves involves
ISO 20022 Registration AuthorityRole ISO 20022 Registration Authority
replaces replaces
Securities - Scheme for Messages (Data Field Dictionary), ISO 15022Standard Securities - Scheme for Messages (Data Field Dictionary), ISO 15022