What is the meaning of IBAN of bank account?

Question

i have received a sms from my bank.but i cant understand the meaning.

Answer 1

Your account IBAN number contains information such as the country of the account, bank name, sort code and account number.  

Answer 2

The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders. It was originally adopted by the European Committee for Banking Standards, and was later adopted as ISO 13616:1997 and now as ISO 13616:2007. The official IBAN registrar under ISO 13616:2003 is SWIFT and the IBAN registry is currently at SWIFT.

The IBAN was originally developed to facilitate payments within the European Union but the format is flexible enough to be applied globally. Customers, especially individuals and SMEs, are frequently confused by differing national standards for bank account numbers. IBAN imposes a flexible but regular format for account identification and contains validation information to avoid errors of transcription.

The IBAN's primary purpose is therefore to facilitate routing and avoid routing errors.

The IBAN consists of a ISO 3166-1 alpha-2 country code, followed by two check digits (represented by kk in the examples below), and up to thirty alphanumeric characters for the domestic bank account number, called the BBAN (Basic Bank Account Number). It is up to each country's national banking community to decide on the length of the BBAN for accounts in that country, but its length must be fixed for any given country.

The IBAN must not contain spaces when stored electronically. When printed on paper, however, the norm is to express it in groups of four characters, the last group being of variable length.