Definition of definition for English Language Learners. : an explanation of the meaning of a word, phrase, etc. : a statement that defines a word, phrase, etc. : a statement that describes what something is.
An IBAN (International Bank Account Number) is an international bank account identifier used to uniquely identify the account of a customer at a financial institution. This is the only permissible account identifier for SEPA payments.
IBAN stands for the International Bank Account Number and is used by banks in European countries for international funds transfers. The IBAN is a unique code that identifies a beneficiaryâs bank account. The Spanish IBAN code consists of a country code followed by twenty-two alphanumeric characters. In Spain, IBAN codes start with the letters ES, followed by 2 control digits, 4 digit bank code, a 4 digit branch number, 12 digit account number. Here is an example: ES80 2310 0001 1800 1200 2356.