What is an IBAN?

An IBAN, or International Bank Account Number, is a reference number attached to a bank account used for sending and receiving global payments. 


The IBAN format is internationally recognised, having most recently been standardised by ISO 13616:2003.

 

It consists of a two-letter country code followed by two numerals, with up to thirty-five alphanumeric characters after. 


Is an IBAN different to a normal bank account?


No, they’re both different ways of referring to the same concept.

It’s worth clarifying a normal bank account has both a basic bank account number (BBAN) and an International Bank Account Number (IBAN).

However, the extra information included as part of an IBAN is beneficial when making cross-border payments.

It helps to clarify the country where the recipient’s bank account is located, adding an additional layer of verification to the process.


I’m sending a payment to someone using 3S Money. What information do I need?


We’ll need both their IBAN and SWIFT code to ensure your payment reaches its intended destination smoothly.

While the IBAN refers to the individual bank account you’ll be paying to, the SWIFT code refers to the specific bank. 


 

Need help with opening local IBANs or sending cross-border payments?

If you're looking for local UK and EU IBAN solutions, we're here to help.

You can contact us at [email protected] or via our Contact Us page to reach one of our local 3S Money teams in London, Dubai (DIFC), Amsterdam, Luxembourg, Riga, Singapore, and Hong Kong.



Last updated: 02/05/24

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© 3S Money Club Limited 2019-2025. All rights reserved. 3S Money and 3s.money are trading names of 3S Money Club Limited. 3S Money Club Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for issuing of electronic money and the provision of payment services with FCA registration number 900918. 3S Money Club Limited is registered in England and Wales, Company Number 8574246, with its registered office address at 45 Folgate Street, London, E1 6GL, United Kingdom. 3S Money Club Limited is registered with The United Kingdom Information Commissioner's Office with ICO registration number ZA495485. 3S Money Club Limited (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA) with DFSA reference number F007004, authorising it under Article 48 of the Regulatory Law 2004 to carry on the Financial Services comprised in Issuing Payment Instruments and Providing or Operating a Payment Account. 3S Money Club Limited (DIFC Branch) is registered in Dubai International Financial Centre, Licence Number CL5587, with its registered office address at Central Park Towers, Office 17-37, DIFC, Dubai, UAE. 3S Money (Luxembourg) S.A. is authorised by the Commission de Surveillance du Secteur Financier (CSSF) under the law of 10 November 2009 on payment services for issuing, distribution and refund of electronic money with CSSF registration number W00000016. 3S Money (Luxembourg) S.A. is registered in Luxembourg, R.C.S number B245715, with its registered office address at 25C, Boulevard Royal, L- 2449, Luxembourg, Grand Duchy of Luxembourg