Home What is an IBAN number? What is an IBAN checker?

What is an IBAN checker?

This guide will outline the best ways to verify, validate and decode an International Bank Account Number (IBAN) before processing payments or sending funds overseas. 

Updated: 06/08/2021
Read time: 4 minutes
Compare Rates
 
   
Spain
EUR
GBP
£

A history of the IBAN

An IBAN, or International Bank Account Number, is used to identify the unique account of a customer at a financial institution in any of the 80 countries that use the system. All IBAN numbers share the same format and are compatible with the internationally agreed upon system originally adopted by the European Committee of Banking Standards (ECBS) in 1997. 

Since then, the system has been extended by the SWIFT (Society of Worldwide Interbank Financial Telecommunication) network, and now includes additional countries around the world, outside of Europe. 

IBAN numbers are made up of 34 – 35 alphanumeric characters, consisting 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.

What is the best way to check an IBAN number?

Due to the infinite resources available via the world wide web, verifying and decoding an IBAN has never been easier. Numerous free online tools, also known as IBAN checkers, allow users to check and validate an IBAN number before arranging payment of any kind. 

If you are unsure about finding an online tool to help you verify an IBAN number, we recommend reaching out to the banking institution via phone or in-person, to confirm the bank account details are correct.

What are the benefits of using an IBAN checker?

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. The benefits of using this online tool, ahead of sending a money transfer, include:

  • Using an IBAN checker has been proven to effectively reduce failed transactions
  • IBAN checkers are able to validate every single element of an IBAN: the bank code, branch code and account number, as well as check digits for all IBAN regions
  • An online IBAN checker uses advanced algorithms to conduct primary integrity checks: these include analysis such as the length or format of an IBAN against a country’s standard
What is an IBAN?
What’s the difference between IBAN and SWIFT/BIC?
Why do I need an IBAN?

Bottom line

If you want to read further into the subject of IBAN numbers and their role in the process of transferring money overseas, we have produced a series of guides on the subject, all of which can be found here.

Related content

Mastercard® Send™ Transfer Review
Founded in 1966, Mastercard is known as one of the biggest financial services companies of all time, having played a major role in the development of the electronic payments industry. Along with Visa, American Express and Discover, Mastercard competes for custom of handling member banks’ financial payments.  In 2015, the multinational conglomerate decided to turn […]
Cornerstone FX
About Cornerstone FX As a cloud-based provider of international payments, currency risk management and digital account services, Cornerstone Group are distinctly different from other competitors in the money transfer market. Founded in London’s financial district in 2010, Cornerstone FX created an online cloud-based technology, designed to facilitate foreign exchange and cross-border payments. By harnessing the […]
Google Pay App
What is the Google Pay app? A culmination of Android Pay and Google Wallet, the Google Pay app officially entered the FinTech market in 2018. Originally an enterprise devised to be a digital mobile wallet, the Android equivalent to Apple Pay and Samsung Pay. The app has since been optimised for use on both iOS […]
April Summers

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.

Companies
All Services