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 International Bank Account Number. It's a standardised way of identifying a bank account. An IBAN is always used along with a Bank Identifier Code (BIC) - a sequence of characters that identify a bank and branch.n IBAN can include your account number and sort code, but also includes extra characters. Never try to create or guess an IBAN. The format differs from country to country. Always ask the person you are paying what their IBAN is. Your own IBAN is shown on your bank statement.