An IBAN (International Bank Account Number) is a standardised international bank account identifier used to ensure accurate processing of cross-border payments.
It helps banks and financial institutions identify the recipient's country, bank, and specific account to reduce errors and speed up international transfers.
Structure of an IBAN
An IBAN consists of up to 34 alphanumeric characters and is structured as follows:
Country Code (2 letters) – Identifies the country (e.g., GB for the UK, DE for Germany).
Check Digits (2 numbers) – Used for error detection and validation.
Bank Identifier (varies by country) – Identifies the recipient's bank.
Branch Code (if applicable) – Some countries include this to specify a particular bank branch.
Account Number (varies by country) – The actual bank account number.
Where is IBAN Used?
Europe (most countries require IBAN for international and even domestic transfers).
Middle East & some parts of Africa (e.g., UAE, Saudi Arabia).
Not used within the USA – The US uses routing numbers and account numbers instead.
Where can I find my IBAN?
You can find your IBAN in your account details section on the nsave app. Just go to the "Accounts" tab and click on "Account details" at the top right of the tab. You will then find your IBAN for your different accounts.