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Finance & Banking vocabulary · Payments & Cards

IBAN

Meaning in finance & banking, with examples

abbreviationCore term

In finance & banking, IBAN means: Short for International Bank Account Number: a standard code of up to 34 letters and digits that identifies a bank account for domestic and cross-border transfers.

In Turkish: IBAN, uluslararası banka hesap numarası

How it is used

Used on invoices, payment forms and transfer screens. It starts with a country code: Turkish IBANs start with TR and have 26 characters. For international payments the sender usually also needs the bank's SWIFT/BIC code. Usually said as one word: EYE-ban.

Example sentences

  1. Please send us your IBAN so we can pay your invoice.

  2. The transfer was returned because the IBAN had a missing digit.

Common collocations

  • IBAN number
  • enter the IBAN
  • IBAN and SWIFT code
  • valid IBAN
  • wire transferAn electronic transfer of money from one bank account to another, often between different banks or countries.
  • current accountAn everyday bank account for receiving a salary, paying bills and making card payments. It pays little or no interest, and the money can be used at any time.
  • instant paymentAn electronic transfer that reaches the recipient's account within seconds, at any time of day, on every day of the year.
  • transactionA single movement of money, such as a payment, transfer, deposit or withdrawal, recorded on an account or card.

More terms: Payments & Cards

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This page explains English vocabulary for learners. It is not financial advice.