Trade, logistics and payments
IBAN
Abbreviation for International Bank Account Number
In short and in plain language
The IBAN is an account number with the same format in many countries.
It is used for bank transfers and direct debits.
A shop collects it, for example, for direct debits in Europe. It then checks that the number has a valid form.
Definition
The IBAN is the internationally standardised account number for credit transfers and direct debits. In a shop it is collected for SEPA direct debits, for example, and checked for formal validity.