IBAN
International Bank Account Number, a standardized format for identifying bank accounts across borders.
The IBAN is an internationally agreed system for uniquely identifying a bank account, used primarily for cross-border and European payments. It encodes the country, bank, and account number in a single string of up to 34 characters, with a built-in checksum that catches typos before a transfer is sent. Using the correct IBAN ensures money reaches the right account quickly and avoids costly failed transfers. It does not replace your account number domestically but standardizes it for international use. Assetli reads your IBAN-based statements when you import or sync transactions.
Example
A UK IBAN has 22 characters and looks like GB29 NWBK 6016 1331 9268 19; the first two letters are the country code, the next two are check digits, then come the bank code and your sort code and account number.
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