IBANtietoja

IBANtietoja, or International Bank Account Number information, is a standardized format for identifying bank accounts across national borders. It is used for the electronic transfer of funds between banks and financial institutions. The IBAN consists of up to 34 alphanumeric characters, including letters and digits, and is typically divided into two parts: the country code and the Basic Bank Account Number (BBAN).

The country code is a two-letter ISO 3166-1 alpha-2 code that identifies the country where the bank account is held. The BBAN, on the other hand, is a combination of the bank code, branch code, and account number, which varies in length and format depending on the country. The IBAN is structured to facilitate the automatic processing of cross-border transactions, reducing the risk of errors and improving efficiency.

IBANtietoja is widely used in the European Union and other countries that have adopted the SEPA (Single Euro Payments Area) system. It is an essential component of the SWIFT network, which enables the secure and reliable transfer of funds between banks worldwide. The IBAN is also used for direct debits, standing orders, and other recurring payments.

In Finland, for example, the IBAN consists of 18 characters, with the first two characters being the country code "FI," followed by two check digits, and the remaining 14 characters representing the BBAN. The BBAN in Finland is further divided into a bank code, a branch code, and an account number.

IBANtietoja is an important tool for individuals, businesses, and financial institutions, as it simplifies the process of making international payments and ensures the accuracy and security of transactions. It is a key component of the global financial system, enabling the seamless flow of funds across borders.