The New Bank Account Number – IBAN

The new international bank account number experts, in which also they work, have to throw mostly habit with abbreviations order by which the layman but has no idea. Also in the financial sector. Of course, we all know what a PIN or a TAN is because these terms have become now commonplace. The term HBCI procedural, it is perhaps more difficult when one or the other. Do you know what is an IBAN? Konto.com would like to explain its readers this question in a slightly different way, using an infographic. Info graphics, complex and complex topics can be arranged more understandable. So the reader can capture the most important information already at the first glance: bank-service/banklexikon/iban-international-bank-account-number.html what is an IBAN? The international bank account number (IBAN short) stands for the new international format of account and should enter into force beginning 2014.

Was developed, to simplify and speed up international payments. The problem is that the various countries in the bank routing number and account number are different. So, some countries have example, even no direct bank, because the data for the respective Bank are encrypted in the account number. So to simplify international payments a uniform system must provide, so that the data can be captured faster the IBAN. The IBAN consists of one determine encoding scheme, in which the data are internationally the same structured. What is the IBAN? The IBAN is composed of 4 blocks.

The first block contains a two-digit check digit in all countries the respective two-digit country code and the second block. The third block in Germany consists of one 8 digit bank code and the fourth block of a ten-digit account number. Should the account number consist of ten digits, not the missing numbers are filled with zeros at the beginning. Thus, in total, the IBAN in Germany consists of 22 points. In other countries the IBAN is from a total of 34 points. As in the other countries, the first block of the land code and the second from a check digit is the remaining 30 posts on that in the country of usual banking and account information be distributed; So, an IBAN consists of set numbers. The infographic from konto.com helps them to preserve a clear view at the juxtaposition of different numbers and letters: bank-service/banklexikon/iban-international-bank-account-number.html contact information / press contact Lisa Bachmann 0221 67787410 company Konto.com is a portal which is among the largest and most popular German offers to the subject account, banking and private finances, now 5 years. So the portal in addition to online comparisons in the area overnight, fixed deposit, checking account, Depot and credit card offers even more detailed information about each of these areas. Aims of Konto.com to give you useful and high-quality information, tips and explanations of the various areas of finance. Can be used as a Bank glossary explains the most important terms and in detail examined specific subjects such as deposit insurance and online banking. Area holds an another news up to date on the latest developments in the world of finance and banking.

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