Wire Transfer Iban. Iban structure the society for worldwide interbank financial telecommunication maintains a database of officially registered iban codes. For more information on cut off times see the electronic transfers.
Initially the system was created to facilitate payments within the european union but it has quickly been implemented in most european countries like when sending money tofrom spain as well as other parts of the world like the middle east uae and the caribbean. Theyre issued by many banks in europe but banks elsewhere in the world are starting to adopt them as well. An iso country code.
4 digits bank code.
Verification of the ibans structure is recommended prior to inclusion in wire instructions. 4 digits bank code. 2 letters iso country code. Banks require ibans to send money to financial institutions in certain countries.