IBAN Definition.

International Bank Account Number (ISO 13616): the international account identifier. In France it has 27 characters: FR, a mod-97 check number, then the bank code, branch code, account number, and RIB key (the French national check digits). It is the universal key for SEPA payments. Refusing an IBAN from another SEPA country (“IBAN discrimination”) is illegal, but some creditors still do it.

See also

→ BIC→ SEPA→ Verification of Payee (VoP)

Where this term appears

GuidePayment schemesGuidePayment regulationGuideFrench fintech: an overviewGuideAgents, distributors, and banking-as-a-service: who is liable for whatGuidePayments in GermanyGuidePayments in AustriaGuidePayments in the BalkansGuidePayments in the Baltics and FinlandGuidePayments in the Netherlands and BelgiumGuideProtecting customer funds, and what happens when the institution failsGuideThe PSD2 framework contract and conduct-of-business rulesGuideWhat a payment service provider must report

All 151 glossary terms · All guides