It is important for you and your business to learn more about this, so keep reading This IBAN Checker API Will Meet Your Company Needs For Sure! IBAN stands for International Bank Account Number, which means International Bank Account Number. This is a number useful to identify bank accounts in different countries. Its goal is to simplify the process, reduce errors and ensure that the money reaches the person or company.
The idea of creating the IBAN was initiated by the European Committee for Banking Standards (ECBS) with the aim of facilitating the transfer of money throughout the European Union. It was later adopted by other countries, especially those in the Middle East and the Caribbean. The IBAN number is made up of 24 alphanumeric characters that include the country code, two check digits, the branch, and the account number. The check digit is important in local bank verification. In some countries, the code can be up to 29 characters long.
About the tool to check an IBAN
The International Bank Account Number (IBAN) Validation Tool is intended to verify an IBAN (IBAN). All SEPA nations and banks are compatible with the IBAN validator.
This tool will check the length of the IBAN to confirm against the standard and perform verification math to determine if the IBAN you entered is valid.
The tool will also do a quick analysis of the IBAN breakdown to determine the country, basic bank account number (BBAN), bank code, branch code, and local account number.
Please note that these tools do not verify if the IBAN exists with the bank, they simply check that the format is valid.
The tool is provided for informational purposes only. Users should be informed that while every attempt is made to offer correct data, this website does not guarantee its accuracy. Only your bank can confirm the correct bank account information. If you are making a large payment and it is urgent, we recommend that you contact your bank first.
What countries use the IBAN code?
The IBAN code was created with the aim of facilitating electronic payments between banks that are part of the European area. Over time, it spread to the rest of the world, but not all financial institutions use it, as is the case in Peru, the United States, Canada, Australia, and countries in Asia and Latin America. On the other hand, some banks operate with an alternative system called SWIFT.
In Latin America, only Brazil, Costa Rica, the Dominican Republic, El Salvador, and Guatemala adopted the IBAN code. In Europe, we have, for example, Spain, Germany, Belgium, Denmark, France, Great Britain, Ireland, Italy, Croatia, Norway, Portugal, and Switzerland. So, to send money to these countries from Peru, it is important to know the specific number of each of them.
IBAN Validator API: IBAN Checker
IBAN Validator API allows you to validate any bank account information (IBAN, BIC/SWIFT, and BBAN) programmatically. It will validate any number from any Euro country and can also generate IBAN. This API will receive IBAN and perform validation. You will know if the number is correct. It also retrieves additional information about the bank, giving you more information about where the account is located.
So, what are the most common applications for IBAN Validator API?
Check the IBAN of your provider. You will be able to validate your provider’s IBAN number using this API before making any transactions.
You only need the Bank Account Number to identify the country of the account. Besides, you will be able to determine the location of the account. If any taxes must be applied to your transactions, you will be notified ahead of time.
Dynamically generate IBAN numbers. This API allows you to easily convert BBAN numbers to IBAN numbers. If you need to give someone outside your country your bank information; they will need IBAN, so you will automatically generate these numbers for them.