what is an iban number
What is an IBAN. IBAN stands for International Bank Account Number and is a number attached to all accounts in the EU countries plus Norway, Switzerland, Liechtenstein and Hungary. The IBAN is made up of a code that identifies the country the account belongs to, the account holder's bank and the account number itself.The IBAN makes it easier and faster to process cross-border payments. How is an IBAN constructed.elow is an example of how and IBAN is constructed for a fictional account in Danske Bank, using sort code: 951501 Account Number:12345678. Example: Country code Control No. Sort code Account No. IE 08 DABA951501 12345678. How do I get an IBAN. The bank assigns an IBAN to each of your accounts.