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What is IBAN Number in SAP?

IBAN stands for “International bank account number, internationally recognized, unique identification number for a specific bank account.

An IBAN is a series of a maximum of 34 alphanumeric characters, and is made up of a combination of the following elements:

  1. The bank country key (ISO-Code)
  2. Two check digits
  3. Country-specific account number

IBAN  maintains in  bank details of Customer/Vendor Master data and in House bank, most of  the time IBAN is used for foreign currency payments time