IBAN means International Bank Account Number
An IBAN number is used to make international payments more smooth. The IBAN counts up to 34 characters and each country has its own fixed length (the Netherlands has 18 characters). An IBAN number consists of a country code, a check digit and a (national) account number. The IBAN thus identifies each account holder, including the country and the bank. This unique number allows banks to process the payment automatically, without any additional information needed. The IBAN number is mandatory after 1 February 2014, therefore a campaign has been launched to give more clarity. All information required is on the website.
How is your IBAN built up? YouTube IS898jTiU0o [/youtube]