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. To locate your IBAN for your Euro account, follow these steps:
Open the nsave app on your device.
Navigate to the Accounts section from the home screen.
Choose the relevant Euro account for which you need the IBAN.
Tap on the Account Details option to reveal your account information, including the IBAN. This IBAN can be used to receive international transfers securely to your Euro account. It’s essential to provide the correct IBAN to avoid any delays or errors in receiving funds.
Additional Tips
Ensure your account is active and approved in the app to enable international transfers.
If you have multiple accounts (such as USD and Euro), always select the appropriate currency account when retrieving account details like the IBAN.