IBAN - Batali


What is the difference between BBAN and Iban?

  • The BBAN includes a bank identifier of the financial institution servicing that account. IBAN: international bank account number: The expanded version of the basic bank account number (BBAN), intended for use internationally.

What is the Iban structure?

  • The IBAN structure is defined in ISO 13616-1 and consists of a two-letter ISO 3166-1 country code, followed by two check digits and up to thirty alphanumeric characters for a BBAN (Basic Bank Account Number) which has a fixed length per country and, included within it, a bank identifier with a fixed position and a fixed length per country.

What is Iban in Pakistan?

  • The IBAN in Pakistan is made up of two components. The first component comprises of a country code and check digit, while the second component is called the Basic Bank Account Number (BBAN). An example of an IBAN for a Citi Corporate Customer is given as below:

How to make an international payment using IBAN and Bic?

  • The remitting customer has provided the beneficiary customer IBAN and the BIC of the beneficiary bank for making an international payment. The application must recalculate the check digit from the IBAN and validate the check digit with the value available in the IBAN provided by the customer.
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