What is the definition of IBAN? The IBAN consists of up to 32 alphanumeric characters, comprising a country code, two check digits and a long and detailed bank account number used in bank wire transfers. In short it is the ability to determine the correct BIC code from a given IBAN number. Payment data validation also includes another important step in bank validation, the IBAN number to BIC Code conversion ( BIC Codes are managed by SWIFT network ). You may also freely use our IBAN Validation demo to check an IBAN number. Our company specializes in providing a secure way to verify and safely pay via International Bank Account Numbers.
#Bank2qif tool verification
IBAN Number verification is successfully used by our clients to improve money transfers worldwide.īy integrating our tools in your software you can check IBAN, verify BBAN and effectively decrease financial transaction errors. The bank details database currently contains detailed branch information for 40 countries. We currently can perform domestic account validation algorithm tests on 36 countries which add a second layer of protection against invalid IBAN data. If the entered IBAN is valid our platform attempts to identify the bank owning this account,country,address and Business Identifier Code (BIC) and more bank details.
Our platform performs various mathematical checksum calculations in order to determine if the bank account you entered is valid. provides Software as a Service (SaaS) solutions designed to validate and calculate International Bank Account Number (IBAN).
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