But it still contains all that's needed to make sure your international transfer arrives safely. An IBAN for the UK, for example, may only be 22 characters long. If you need an IBAN to send an international payment, this guide is for you. This sequence of numbers and letters - which can be up to 34 digits long - contains much of the information needed by banks to process international transfers, including your account number, bank, and country. IBAN number exampleĪn IBAN can have up to 34 numbers and letters, which form agreed combinations to show the details banks need to process cross border payments.ĭifferent countries use IBANs of different lengths because it's up to the individual country's banking authority to decide how many digits are used in an account number. An IBAN is an international bank account number. In North America IBANs are not usually used, but the system is recognised, and payments are processed according to the same protocols used in Europe. However, some other countries have also adopted this system. IBANs originated in Europe, and are used widely there. Because they follow a standard format, errors in processing are reduced - meaning your payment gets where it's going quicker. They are unique identifiers, which follow an internationally agreed format to show the account number, sort code, bank and country of the account. IBAN numbers are needed to send international payments to many countries.
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