International standard (ISO 13616) for bank account identification. Using IBAN allows for automated transaction processing (STP), ensures data accuracy and enhances standardization.
IBAN structure
The IBAN is composed of a string of characters indicating the bank account number, bank and branch ID, country code and two checksum digits, as described below:
IBAN structure - General
| Account number | Branch ID | Bank ID | Checksum | Country code |
|---|---|---|---|---|
| Up to 30 characters | 2 characters | 2 characters | ||
IBAN structure - In Israel
|
Account number
|
Branch ID | Bank ID |
Checksum
|
Country code |
|---|---|---|---|---|
| AAAAAAAAAAAAA | SSS | BBB | YY | IL |
| 13 characters | 3 characters |
3 characters
|
2 characters | 2 characters |
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