# IBAN

*Banking & Payments — Finicade finance glossary*

An IBAN is the standardised international account number used across Europe and much of the world, encoding country, bank and account with a checksum.

An IBAN is the standardised international account number used across Europe and much of the world, encoding country, bank and account in one string with a checksum. That checksum is the point: it catches mistyped digits before a payment is sent, which the US account-plus-routing-number format cannot. The US is the largest economy that has never adopted it.

**Also known as:** International Bank Account Number, IBAN number

**Related terms:** [SWIFT](https://finicade.com/glossary/swift), [Routing Number](https://finicade.com/glossary/routing-number), [Cross-Border Payments](https://finicade.com/glossary/cross-border-payments), [Wire Transfer](https://finicade.com/glossary/wire-transfer), [ACH](https://finicade.com/glossary/ach)

Source: https://finicade.com/glossary/iban