IBAN stands for International Bank Account Number and is a number attached to all accounts in the EU countries plus Norway, Switzerland, Liechtenstein and Hungary. The IBAN is made up of a code that identifies the country the account belongs to, the account holder's bank and the account number itself. The IBAN makes it easier and faster to process cross-border payments.
Why use the IBAN?
The IBAN makes automatic processing of cross-border payments easier and enables the bank to check, immediately upon receipt, whether the account numbers are correct. This ensures a fast credit to the account. At the same time, you avoid fees for manual processing of transfers.
How the IBAN is constructed
The IBAN is an international standard (ISO 13616). The number comprises maximum 34 alphanumerical characters, which are structured as follows:
- Two letters representing the home country of the account holding bank (ISO 3166 country code with two letters, e.g. DK for Denmark)
- Two numbers that are a control key
- Maximum of 30 alphanumeric characters that identify the bank and the ordinary account number
An IBAN in Danske Bank consists of 18 characters, which comprise the ISO country code + control key plus registration number 3000 and the ordinary account number of 10 characters.
Example of the IBAN in Danske Bank Denmark
Account number in Danske Bank: 4420 3161123456
Importers and the IBAN
Ask your foreign supplier to notify you of its IBAN so that you can write it on the payment orders that you send via Danske Bank. If your supplier lives in the EU, the IBAN must appear on its invoices.
Exporters and the IBAN
The IBAN must appear on your invoices so that your foreign customers can write it on the payment orders to you. If your IBAN does not appear on your invoice, Danske Bank has labels that you can fill out with your IBAN and attach to your invoices.
How do you get an IBAN?
The bank will assign an IBAN to your current accounts. You cannot automatically calculate an IBAN yourself, as each bank might have different methods of registering their account numbers in the IBAN. The IBAN appears on account statements and in the bank's online systems.
Countries that require the IBAN
| Andorra |
No |
AD1200012030200359100100 |
| Austria |
Yes |
AT611904300234573278 |
| Belgium |
Yes |
BE65539007547034 |
| Bulgaria |
Yes |
BG80BNBG96611020345678 |
| Cyprus |
Yes |
CY17002001280000001200527600 |
| Czech Republic |
Yes |
CZ6508000000192000145399 |
| Denmark |
Yes |
DK5000400440116243 |
| Estonia |
Yes |
EE382200221020145685 |
| Finland |
Yes |
FI2112345600000786 |
| France |
Yes |
FR1420041010050500013M02607 |
| Germany |
Yes |
DE89370400440532013087 |
| Greece |
Yes |
GR1601101250000000012300695 |
| Hungary |
Yes |
HU42117730161111101800000000 |
| Iceland |
Yes |
IS140159260076545510730339 |
| Ireland |
Yes |
IE29AIBK93115212345654 |
| Italy |
Yes |
IT60X0542811101000000123332 |
| Kuwait |
Yes |
KW81CBKU0000000000001234560101 |
| Latvia |
Yes |
LV80BANK0000435195001 |
| Liechtenstein |
Yes |
LI9300762011623852957 |
| Lithuania |
Yes |
LT121000011101001000 |
| Luxembourg |
Yes |
LU280019400644750000 |
| Malta |
Yes |
MT84MALT011000012345MTLCAST001S |
| Netherlands |
Yes |
NL91ABNA0417164299 |
| Norway |
Yes |
NO9386011117946 |
| Poland |
Yes |
PL61109010140000071219812874 |
| Portugal |
Yes |
PT50000201231234567890154 |
| Rumania |
Yes |
RO49AAAA1B31007593840000 |
| Saudia Arabia |
Yes |
SA0380000000608010167519 |
| Slovakia |
Yes |
SK3112000000198742637541 |
| Slovenia |
Yes |
SI56191000000123438 |
| Spain |
Yes |
ES9121000418450200051322 |
| Sweden |
Yes |
SE3550000000054910000008 |
| Switzerland |
Yes |
CH9300762011623852957 |
| Tunesia |
No |
TN5914207207100707129648 |
| Turkey |
No |
TR330006100519785467851327 |
| UK |
Yes |
GB29NWBK60161331926825 |
Please note that the accounts listed above are fictive and that, for security reasons, the modulus is incorrect.
Is your IBAN correct?
Here you can check whether an IBAN is valid.
This check will not confirm that the bank account exists, simply that the format of the IBAN conforms to the required standard for the bank and country.
Key in the IBAN and press the Check button.
Do I need to use SWIFT-BIC?
Even if you state your IBAN, you still need to use the SWIFT-BIC (also known as the SWIFT address) of the receiving bank abroad.