IBAN stands for "International Bank Account Number" and is an international standard to represent and identify bank accounts across countries in order to facilitate payments. The system was first started in Europe by the European Committee for Banking Standards, and has since grown into an international standard.
Although IBAN started in Europe, it has since been adopted by 77 countries as of May 2020. Furthermore, countries like the US and Canada may not support IBAN themselves, but banks within them may use the IBAN system to facilitate payments to countries and banks that do support the IBAN system.
May 29, 2023
Introduced a feature for validating IBANs with non-standard structures
July 6, 2021
The IBAN Validation API is now out of beta!