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What is IBAN in Spain and how to check it

The IBAN, acronym for International Bank Account Number, is a unique and standardized alphanumeric code that identifies every bank account of all countries adhering to the standard. In Spain, the IBAN consists of 24 digits and is a fundamental code when making transfers between different banks, both in the country and abroad. In this article we examine in detail how the IBAN works in Spain, how to verify its correctness and how to break it down to know the essential data of a bank account.

What is IBAN in Spain

The IBAN in Spain is an alphanumeric code that uniquely identifies a bank account. In Spain, the IBAN consists of 24 digits, divided into two parts: one that identifies the bank, consisting of 4 digits, and one that identifies the account holder, consisting of 20 digits. Thanks to this code, it is possible to make transfers between different banks, domestic and foreign, safely and quickly.

How to check the correctness of the Spanish IBAN

To check the correctness of the Spanish IBAN, you can use an online calculator or a smartphone app. In both cases, simply enter the IBAN code to be verified and wait for the system to return a confirmation of the correctness of the same. In addition, it is also possible to verify the accuracy of the bank and bank account data, thanks to the breakdown of the IBAN into two parts.

How to break down the Spanish IBAN

Breaking down the Spanish IBAN is very simple. The first part of the IBAN, consisting of 4 digits, identifies the bank and can be found in the list of Spanish banks. The second part of the IBAN, on the other hand, identifies the holder of the bank account and can be divided into two parts: the first, consisting of 10 digits, identifies the holder’s bank account number and the second, consisting of 10 digits, identifies the bank agency where the holder opened the account.

Conclusion

The IBAN in Spain is a unique and standardized alphanumeric code that allows you to uniquely identify a bank account. In Spain, the IBAN consists of 24 digits, divided into two parts: one that identifies the bank, consisting of 4 digits, and one that identifies the account holder, consisting of 20 digits. To check the correctness of the Spanish IBAN, you can use an online calculator or a smartphone app. In addition, it is possible to break down the Spanish IBAN into two parts so that you know the essential data of the bank account. For more information about IBAN in Spain, you can consult the official websites of the banks.

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