What is an IBAN and how it is constructed


What is an IBAN

IBAN stands for International Bank Account Number and is a number attached to all Viva Wallet Accounts (please check your region). The IBAN consists of an alphabetical country code, followed by two digits, and then up to thirty four characters for the bank account number based on the IBAN's country of origin. The IBAN makes it easier and faster to process cross-border payments in Single Euro Payments Area (SEPA).

How is an IBAN constructed

The number comprises maximum 34 alphanumerical characters, which are structured as follows:

  • Two letters representing the home country of the account-holding bank (ISO 3166 country code with two letters)
  • Two numbers that are a check sum
  • Maximum of 30 alphanumeric characters that identify the bank and the basic bank account number