International Bank Account Number (IBAN)

International Bank Account Number (IBAN),

Definition of International Bank Account Number (IBAN):

  1. An IBAN, or international bank account number, is a standard international numbering system developed to identify an overseas bank account. The number starts with a two-digit country code, then two numbers, followed by up to third-five alphanumeric characters. However, an IBAN does not replace a bank's own account number, as it’s only meant to provide additional information that helps in identifying overseas payments. .

  2. The IBAN number consists of a two-letter country code, followed by two check digits, and up to thirty-five alphanumeric characters. These alphanumeric characters are known as the basic bank account number (BBAN). It is up to the banking association of each country to determine which BBAN they will select as the standard for that country's bank accounts. However, only European banks use IBAN, although the practice is becoming popular in other countries.

  3. A system of numbering that was created to categorize the bank accounts across the globe. European banks originated the system to make transactions between different countries easier to make, but more countries are implementing the practice.

How to use International Bank Account Number (IBAN) in a sentence?

  1. The IBAN also acts as a method of verifying that transaction details are correct.
  2. An international bank account number (IBAN) is a standard international numbering system for individual bank accounts around the world.
  3. An IBAN is used to identify an individual account involved in the international transaction.
  4. Banks in Europe originally developed the system to simplify transactions involving bank accounts from other countries.

Meaning of International Bank Account Number (IBAN) & International Bank Account Number (IBAN) Definition

International Bank Account Number (IBAN),

Definition of International Bank Account Number (IBAN):

International Bank Account Number (IBAN) means: An IBN, or International Bank Account Number, is an international standard numbering system designed to identify foreign bank accounts. Numbers begin with a two-digit country code, then two digits, followed by a maximum of three letter elements. However, IBN does not replace bank account numbers, as it only has to provide additional information to identify overseas payments.

  • The International Bank Account Number (IBAN) is the international standard numbering system for individual bank accounts worldwide.
  • European banks initially developed systems to facilitate transactions with bank accounts in other countries.
  • IBAN is used to identify an account that is involved in international transactions.
  • IBAN also provides a mechanism to verify the accuracy of the details of this transaction.

Literal Meanings of International Bank Account Number (IBAN)

International:

Meanings of International:
  1. A game or competition between teams representing different countries in a game.

  2. One of the four associations was formed (1864-1936) to promote the socialist process.

  3. It exists, occurs, or occurs between two or more countries.

Sentences of International
  1. Murray Field Rugby International

  2. The international community expressed solidarity and support for the Paris Commune, but was crushed by the ruling class.

  3. International exchange

Synonyms of International

worldwide, intercontinental, global

Bank:

Meanings of Bank:
  1. Accumulated in a mass or heap (of a substance).

  2. Tilt or lean back when turning (from an airplane or car).

  3. (From locomotive) provides extra energy when going to the hills (train).

  4. Play ball (billiards and other games) to bounce on a surface like a table or pillow.

  5. Along the ground people or ramps to rivers or lakes.

  6. Slope of a substance, massive or hilly.

  7. Seats or rows of similar items, especially electric or electronic tools, are grouped into rows.

  8. Pool table cushions

Sentences of Bank
  1. The rain has accumulated on the floor behind the door

  2. The plane overturned as if on its way back to the airport

  3. I put eight balls on two pillows

  4. The wolves line up on the shore

  5. Snow shore

  6. The DJ has great lighting and speakers on both sides of the console

  7. Bankruptcy

  8. I checked

  9. I pay directly to my bank

Synonyms of Bank

be at an angle, lean, incline, put at an angle, camber, bound, tump, stack, pile, slant, heap up, pile up, limit, tip, fringes, gradient, heap, dip, series, verge, ramp, pitch, periphery, rim, slope, group, make a pile of

Account:

Meanings of Account:
  1. Records or reports of income related to financial expenses and a specific period or purpose.

  2. An agreement under which the organization retains funds on behalf of the customer or provides goods or services to the customer on credit.

  3. An agreement that gives a user personal access to a computer, website or application, usually by entering a username and password.

Sentences of Account
  1. Your visit will not be considered successful

  2. He doesn't care about money

Synonyms of Account

think of as, book, report, balance sheet, count, recital, see as, adjudge, prominence, moment, communiqué, hold to be, substance, note, delineation, story, results, sketch, consequence, news, explanation, narrative, gravity, bank account, seriousness, journal, statement

Number:

Meanings of Number:
  1. Contains set (specific quantity or quantity)

  2. Usually dial or assign a number to indicate the position on the line.

  3. Add or rate as a group member.

  4. Mathematical values ​​are expressed as words, symbols, or numbers that represent a certain quantity and are used to indicate order, counting, or continuity for identification on a line.

  5. Many or many

  6. Magazine issue.

  7. Differences in words that refer to a person or thing or people.

Sentences of Number
  1. There were more than 5,000 protesters

  2. Each document has a consecutive number

  3. The orchestra is furious with its former conductors

  4. He dialed the number carefully

  5. The company wants to increase the number of women workers

  6. The form of the noun in English reflects their number and gender

Synonyms of Number

include, amount, numeral, specify by number, count, total, mark with a number, add up to, integer, edition, categorize by number, assign a number to, copy, amount to, come to, digit, figure, issue, quantity

IBAN:

Meanings of IBAN:
  1. International account number