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.
The IBAN is composed of the Country Code (ISO 3166) , a 2-digit checksum and the Basic Bank Account Number (BBAN, ISO 13616). The BBAN consists of a Bank/Branch Code and the Account Number, both with optional check digits. The exact structure is country specific.See the format table below for details.f you then press the Create IBAN button the IBAN appears in the IBAN field. To check an IBAN you have to type it in the IBAN input field and press the Check IBAN button. If it is valid the country, the Bank/Branch Code and the Account Number appears in the corresponding fields.