The International Bank Account Number is a digital identification of customer accounts in the banking sector at the national level based on international standards for account numbers, which achieves a recognized national standardization for the account number digits. It is not a new account number but an improved formula for a number of customer's current account, which enables the banking technical systems to read these numbers easily, accurately, and quickly and it is used for incoming and outgoing money transfers.
Advantages Of Using IBAN
Helps applying a direct automated money transfers, which reduces manual operations and any resulting errors.
Limits money transfer errors resulting from incorrect account number.
Easy implementation of financial transfers for bank customers through all available banking channels, including: ATM, Phone Banking, Mobile Banking, Counter, E-Banking….Etc.
Reducing costs and improving operational efficiency in processing remittances.
The Structure Of The IBAN Used In The Hashemite Kingdom Of Jordan
The IBAN account number consists of a fixed numeric format consisting of 30 digits. These digits contain alphanumeric characters divided as follows:
It contains additional alphanumeric characters along with your account number to make it unique at the international level.
Receiving transfers
In the event of receiving transfers to your account, whether from inside or outside the Kingdom, you must always provide the IBAN number to the person transferring to your account.
Sending transfers
You must ask the beneficiary to provide you with his IBAN, in order to send transfers from your account.
When using any electronic payment system, it is recommended to use the IBAN checker to verify the validity of the beneficiary's IBAN before issuing remittances.
IBAN Converter
To get your International Bank Account Number ( IBAN ) ,
Yes, for all accounts that accept outgoing or incoming transfers or both.
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