In this guide we will walk you through what online tools can be used to identify an International Bank Account Number (IBAN).
An IBAN decoder is an umbrella term that is given to the various online tools and resources which help customers decode, identify and validate banking information in order to find the correct International Bank Account Number needed for overseas money transfers.
IBANs consist of a two digit country code, two check numbers, a four digit bank code, a six digit bank branch code and an eight digit bank account number.
Banks format national or local account details into a string of alphanumeric characters and IBAN calculators are used to convert this information into the International Bank Account Number needed when transferring funds to an overseas bank account.
An IBAN checker has the ability to check if an IBAN number is correct, by confirming information such as the BIC/SWIFT code, bank name, address and country. If you do not want to use an online IBAN checker, we recommend reaching out to the relevant bank via phone or in-person to check if IBAN details are correct.
An IBAN converter works much like an IBAN calculator; using information such as national bank account number – also known as Basic Bank Account Number or BBAN – these decoding tools convert bank details into the IBAN needed to perform a cross-border transfer.
Depending on the country you are located in, IBAN conversions will be conducted by requesting some, or all, of the following information:
Like the aforementioned decoding tools, IBAN generators are another ingenious development from the FinTech world. Technology has advanced to a level whereby software can now be used to convert domestic bank codes and account numbers into the International Bank Account Number (IBAN) needed for overseas money transfers.
Not sure where to look for the most reliable decoding tools? Check out our top picks of the 3 best money transfer providers offering free, online resources designed to solve any IBAN uncertainty.
XE is generally considered the go-to powerhouse of currency conversion and accurate foreign exchange rates. In addition to the popular XE Currency Converter – found on the homepage of the website – the company also offers an easy to use IBAN calculator for anyone wanting to clarify bank details before arranging an international payment.
As one of the biggest authority figures in the remittance industry, it comes as no surprise that Wise offers customers two free IBAN tools: a calculator and a checker. These brilliant resources make it easy for you to figure out the data you need to successfully send money to your recipient in a foreign country, arranging the transfer with Wise – or whichever company you decide to choose – as soon as you have the information you need.
This fantastic online tool is provided by Currency Solutions, one of the UK’s finest and most reliable money transfer service providers. This invaluable tool will check the contents and format of an IBAN is correct.
We must stress the importance of double checking any data provided by the above mentioned IBAN decoder tools: you will want to make sure the format and appearance of the IBAN matches the relevant country’s structure, to ensure your hard-earned money is headed to the correct bank account. If in doubt, always reach out directly to the bank in question. See below for more of our other informative guides to sending an online money transfer.
April is a journalist and full-time content writer for MoneyTransfers.com. Over the last decade she has written for a number of different online and print publications. Having lived overseas in Canada and Vietnam, April hopes to see more of the world as soon as possible, with Japan at the top of her travel list. As a former expat, April has first-hand experience of managing finances from overseas. She enjoys writing about forex trends and the future of banking.