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 German IBAN code consists a country code followed by twenty alphanumeric characters. In Germany, IBAN codes start with the letters DE, followed by 2 digit control number, an 8 digit bank code and a 10 digit account number. Here is an example: DE89 3704 0044 0532 0130 00.