Bank Account Verification
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IBAN Lite

Introduction

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.

What is IBAN(International Bank Account Number)

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.

Structure of IBAN

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

  1. Country Code (ISO 3166-1 Alpha-2): The IBAN begins with a two-letter country code, which represents the country where the bank account is held.
  2. Check Digits: Next are two check digits, used to validate the IBAN's accuracy during the transaction process.
  3. Bank Identifier: This part varies by country and can include the bank's code, branch code, and other identifiers, as needed.
  4. Account Number: The IBAN concludes with the account number, which is the unique portion identifying the specific bank account.

Is IBAN only for Euros transfer?

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.

Standard IBAN Length(Countrywise) :

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.

Country Name

IBAN Length (including 2 letters)

Country Code (IBAN - First 2 letters)

Albania

28

AL

Andorra

24

AD

Austria

20

AT

Azerbaijan

28

AZ

Bahrain

22

BH

Belgium

16

BE

Bosnia and Herzegovina

20

BA

Bulgaria

22

BG

Croatia

21

HR

Cyprus

28

CY

Czech Republic

24

CZ

Denmark

18

DK

Estonia

20

EE

Faroe Islands

18

FO

Finland

18

FI

France

27

FR

Georgia

22

GE

Germany

22

DE

Gibraltar

23

GI

Greece

27

GR

Greenland

18

GL

Guernsey

22

GG

Hungary

28

HU

Iceland

26

IS

Ireland

22

IE

Isle of Man

22

IM

Israel

23

IL

Italy

27

IT

Jersey

22

JE

Jordan

30

JO

Kazakhstan

20

KZ

Kosovo

20

XK

Kuwait

30

KW

Latvia

21

LV

Lebanon

28

LB

Liechtenstein

21

LI

Lithuania

20

LT

Luxembourg

20

LU

North Macedonia

19

MK

Malta

31

MT

Mauritania

27

MR

Mauritius

30

MU

Moldova

24

MD

Monaco

27

MC

Montenegro

22

ME

Netherlands

18

NL

Norway

15

NO

Pakistan

24

PK

Palestine

29

PS

Poland

28

PL

Portugal

25

PT

Qatar

29

QA

Romania

24

RO

San Marino

27

SM

Saudi Arabia

24

SA

Serbia

22

RS

Slovakia

24

SK

Slovenia

19

SI

Spain

24

ES

Sweden

24

SE

Switzerland

21

CH

Tunisia

24

TN

Turkey

26

TR

Ukraine

29

UA

United Arab Emirates

23

AE

United Kingdom

22

GB

Vatican City

22

VA

IBAN Lite(Basic Check) API

IBAN Lite offers a streamlined and user-friendly interface to check IBAN validity, making it an ideal choice for a wide range of applications. Whether you're building a financial platform, conducting international transactions, or simply need to verify IBANs, this API simplifies the process.

IBAN Lite simplifies the complex process of IBAN validation. Validating IBANs manually can be error-prone and time-consuming. With IBAN Lite, you can automate this crucial step, ensuring the accuracy of your international financial transactions.

Integrating IBAN Lite into your applications and systems is a breeze. Whether you're developing a financial platform, e-commerce site, or any application that handles international payments, you can quickly incorporate IBAN validation without the need for extensive development efforts.

API Applications

B2B (Business-to-Business) Applications:

  1. Financial Institutions: Banks and financial institutions can use the IBAN Lite API to validate IBANs provided by customers or during fund transfers. This ensures that transactions are processed accurately and that international payments comply with regulatory requirements.
  2. Payment Gateways: Payment processors and gateways can integrate IBAN Lite to verify IBANs supplied by merchants or customers during online transactions. This helps prevent payment errors and fraud.
  3. E-commerce Platforms: E-commerce platforms that operate globally can employ IBAN Lite to validate IBANs entered by customers when making cross-border payments. Ensuring the correctness of IBANs reduces order fulfillment errors.
  4. Accounting Software: Accounting software providers can incorporate IBAN validation to assist businesses in reconciling international financial transactions accurately. This can improve financial record-keeping and compliance.
  5. Exporters and Importers: Companies engaged in international trade can use IBAN Lite to validate IBANs of overseas clients or suppliers. This ensures that payments are directed to the correct parties and minimizes disputes.

B2C (Business-to-Consumer) Applications:

  1. Online Marketplaces: E-commerce platforms that connect buyers and sellers worldwide can utilize IBAN Lite to verify IBANs provided by sellers or buyers. This adds an extra layer of security to transactions.
  2. Remittance Services: Remittance providers can integrate IBAN Lite to validate recipient IBANs before processing international money transfers. This helps prevent funds from being sent to incorrect accounts.
  3. Travel and Tourism: Travel agencies and booking platforms can use IBAN Lite to validate IBANs when processing international payments for bookings, reservations, and travel-related services.
  4. Subscription Services: Businesses offering subscription-based services globally can employ IBAN Lite to verify IBANs provided by customers. This ensures that recurring payments are processed without errors.
  5. Online Banking: Online banking platforms can incorporate IBAN validation to help customers ensure they are entering correct IBANs for international wire transfers, bill payments, and other financial transactions.
  6. Charities and Nonprofits: Charitable organizations that receive donations from donors around the world can use IBAN Lite to validate IBANs and streamline the donation process.

API Details

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.

  • ibanNumber(required)

Sample cURL

Pre-Production
Production
Curl


Request Body Parameters

Parameter

Data Type

Required

Description

ibanNumber

string

Yes

Required IBAN Number for which structure validation is required. Only alphanumeric string allowed in the required format.

Sample Response

Valid IBAN
Invalid IBAN


Response Body parameters

Parameter

Data Type

Description

ibanIsValid

boolean

Whether IBAN structure is valid or not.

Sample Error

Malformatted IBAN 400
Incorrect IBAN Length
409
500


Error Response Parameters

Parameter

Description

error

This parameter contains the error.

error.name

the error name.

error.message

the error message.

error.status

Status of the api

error.reason

Reason for error

error.type

Type of the error

error.statusCode

Request Status code from Signzy



Getting help

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