The International Bank Account Number (IBAN)
The International Bank Account Number (IBAN) is a set of alphanumeric characters, with a maximum of 34, enabling the identification of solid evidence, the fact that a customer maintains a bank of any country in the world, Standard created by the European Committee for Banking Standards (ECSB) to provide uniform identification of bank accounts to all countries.
The IBAN can be used in all transactions with foreign countries, with all countries in the world, it is use to facilitate the automatic processing of their international transfers, increase efficiency, speed and quality.
The IBAN consists of a maximum of 34 alphanumeric characters, depending on the country. The first two are alphabetical character and identify the country. . The next two digits are control to verify the accuracy of the IBAN. The others are the account number.
When making a cross-border payments is important to inform the beneficiary's IBAN and the BIC of the recipient institution, since use entails a faster and more reliable in the treatment of the payment.
The bank identification code (BIC), also called "SWIFT banking code" is the code that allows a unique identification of each credit institution and / or their offices.
