IBAN vs Account Number: Key Differences, Use Cases & Why IBAN Exists
One of the most common questions in banking and payments is: “Is IBAN just another name for an account number?” The short answer is no. While an IBAN includes an account number , it is far more than that. This page explains IBAN vs Account Number , why both exist, and when each is used. Basic Definition: IBAN vs Account Number Term What It Is Account Number A domestic identifier used within one country IBAN An international standard that wraps the account number with additional information Think of it this way: Account number works locally IBAN works globally What Is an Account Number? An account number is: Assigned by a bank Unique within that bank or country Designed for domestic use Account numbers: Vary in length Vary in format Have no universal structure Example: 0532013000 On its own, this number means nothing outside the issuing country ...