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A typical British bank statement header (from a fictitious bank), showing the location of the account's IBAN. The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.
The first two digits of the sort code identify the bank (90-xx-xx = [Bank of Ireland], 98-xx-xx = [Ulster Bank], for example) and the last 4 identify the branch. There is an exception with 99-xx-xx - these codes are used for international banks Irish Clearing ACs, and some Post Office accounts.
Irish bank account numbers are now presented in the IBAN format as follows: IE97 BANK 9799 9912 3456 78 This corresponds to the fictitious sort code: 97-99-99 and account: 12345678, prefixed by ISO Country code: IE, IBAN check digits 97 and Bank Identifier: BANK
IBAN: BE72000000001616 Amount: ... Or text: Urgency fund or Empty line Information: Sample EPC QR code ... International Bank Account Number (IBAN) References
Practically, the format is being deployed in the Czech Republic (where the format is an accepted unique standard for QR code payments) and the Slovak Republic, but the format can be technically used with any bank using IBAN account numbers. That includes currently the majority of European countries, some in the Middle East and a few others.
The IBAN was originally developed to facilitate payments within the European Union but the format is flexible enough to be applied globally. It consists of an ISO 3166-1 alpha-2 country code, followed by two check digits that are calculated using a mod-97 technique, and Basic Bank Account Number ( BBAN ) with up to thirty alphanumeric characters.
New Zealand bank account numbers in NZD follow a standardised format of 16 digits: a prefix representing the bank and branch (six digits), otherwise known as the Bank code; the body (seven digits); and; the suffix representing the product/account type (two or three digits).
Using an extended code of 11 digits (if the receiving bank has assigned extended codes to branches or to processing areas) allows the payment to be directed to a specific office. For example: DEUTDEFF500 would direct the payment to an office of Deutsche Bank in Bad Homburg. SWIFT deviates slightly from the standard, though, by using position ...