What is an IBAN?

An IBAN, or International Bank Account Number, is a unique code that is used to identify bank accounts across international borders. It's a bit like a sort code, but it's used to identify bank accounts all around the world.

An IBAN is made up of a combination of letters and numbers, and it's usually around 20 characters long. It's used to make sure that money transfers between countries go to the right place, just like a sort code does within a country.

If you're sending or receiving money internationally, you'll need to have the IBAN of the bank account you're sending the money to or receiving the money from. It's also used for Automated Clearing House (ACH) and wire transfer.

You can usually find your IBAN on your bank statement or on your online banking. It's a helpful code to have on hand, as it makes international money transfers a lot easier and more accurate.