Definition of definition for English Language Learners. : an explanation of the meaning of a word, phrase, etc. : a statement that defines a word, phrase, etc. : a statement that describes what something is.
An IBAN (International Bank Account Number) is an international bank account identifier used to uniquely identify the account of a customer at a financial institution. This is the only permissible account identifier for SEPA payments.
We can calculate a valid IBAN from bank code and account number data for all countries supporting the IBAN standard. IBAN.com is an online software designed to validate and calculate International Bank Account Numbers (IBAN). Our software performs various mathematical checksum calculations in order to determine if the IBAN you entered is valid. If the entered IBAN is valid our software attempts to identify the bank owning this account,country,address and BIC code. The IBAN consists of up to 34 alphanumeric characters, comprising a country code, two check digits and a long and detailed bank account-number used in bank wire transfers. The IBAN structure is defined by the international standard under ISO 13616:1997 and check digits are performed using MOD 97 (ISO 7064).