IBAN Advance

The International Bank Account Number (IBAN) is an internationally recognized standard for identifying bank accounts across borders. It was developed to facilitate and streamline international transactions, making them more secure and efficient.

An IBAN is a unique identifier assigned to a bank account to make it easily recognizable, not only within a specific country but also globally. It helps prevent errors and confusion when processing cross-border payments and ensures that funds are transferred to the correct recipient.

The IBAN format can vary slightly from one country to another, but it typically consists of the following components:

No, the International Bank Account Number (IBAN) is not exclusively for Euro transfers. While IBANs are commonly associated with Eurozone countries and European transactions due to the European Union's adoption of IBAN as a standard, they are used worldwide for international money transfers in various currencies.

The IBAN system was originally developed by the European Committee for Banking Standards (ECBS) and the International Organization for Standardization (ISO) to simplify and standardize cross-border payments within Europe. However, many non-European countries and financial institutions have also adopted IBANs to facilitate international transactions and improve their accuracy.

IBANs are used to identify bank accounts and ensure the correct routing of funds in a standardized format, regardless of the currency involved. So, whether you are sending money in Euros, US Dollars, British Pounds, or any other currency, IBAN can be used to ensure the secure and efficient transfer of funds. The currency conversion, if necessary, is typically handled by the banks or payment service providers involved in the transaction.

Below is the standard length of IBANs accepted for each country mentioned. For countries accepting IBANs which are not available in this list, they'll follow standard convention of minimum length of 15 and maximum length of 34.

While basic IBAN validation using IBAN Lite ensures format compliance, IBAN Advance takes it a step further. It not only verifies the structure but also unlocks essential information about the associated bank account, empowering you with detailed insights.

IBAN Advance performs rigorous validation checks to determine whether an IBAN is not only correctly formatted but also active and valid for transactions. Say goodbye to incorrect payments and costly errors.

For valid IBANs, IBAN Advance provides a treasure trove of information, including:

Bank Code: The bank's unique identification code.

Bank Name: The official name of the bank.

Bank ID: An identifier that distinguishes the bank.

Bank Address: The physical address of the bank.

SEPA Credit: Indicates whether the account accepts SEPA credit transfers.

SEPA Debit: Indicates whether the account accepts SEPA debit transfers.

SEPA B2B: Indicates whether the account supports SEPA business-to-business payments.

SEPA Cards: Indicates whether the account supports SEPA card transactions.

For invalid IBANs, IBAN Advance gracefully returns a clear response mentioning that validation is unsuccessful. This ensures that you can easily identify and manage incorrect IBANs in your transactions.

IBAN Advance is designed with simplicity in mind, making integration into your applications and systems a seamless experience. You can quickly access and utilize its powerful features without any development effort.

You must first login before sending the request. The authorization header in the request must include the access token obtained from the login API call.

Need to pass the following information. Providing ibanNumber is mandatory.

When IBAN is valid

When IBAN is invalid