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What is an IBAN and is it required for international transfers?

The International Bank Account Number (IBAN) is an international standard of identifying bank accounts. These numbers are used when making or receiving international payments.

The IBAN varies by country/institution and does not replace your account number. Only the institution servicing an account can provide the correct IBAN for that account, and it must be obtained from the person who will receive the wire transfer. An IBAN is required for beneficiary accounts in Europe and other countries around the world.

Learn more about international wire transfers.

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