Iban

An IBAN (International Bank Account Number) is a standardized code used worldwide to identify a specific bank account during international transactions. It ensures that money transfers are accurate and efficient by providing a unique identifier that includes details about the country, bank, and account number. IBANs help banks verify that funds are sent to the correct destination across borders, reducing errors and delays. Think of it as an international address for your bank account, making global payments smoother and more reliable.