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.
An IBAN, or International Bank Account Number, is an internationally agreed format used to identify a customerâs bank account. The transfer recipient will need to provide it to you. Itâs made up of an alphabetical country code, followed by two digits and then up to thirty five characters for the bank account number.