{"id":116585,"date":"2026-11-02T14:48:01","date_gmt":"2026-11-02T14:48:01","guid":{"rendered":"https:\/\/staging2.zycus.com\/glossary\/?p=116585"},"modified":"2026-11-02T14:48:34","modified_gmt":"2026-11-02T14:48:34","slug":"iban-validation","status":"publish","type":"post","link":"https:\/\/www.zycus.com\/glossary\/iban-validation","title":{"rendered":"IBAN Validation"},"content":{"rendered":"

WHAT IS IBAN VALIDATION?<\/span><\/b>\u00a0<\/span><\/h2>\n

IBAN validation<\/span><\/b> is the check that an International Bank Account Number (IBAN) has a valid country code, the correct length, a structure that fits the country and correct check digits. In supplier onboarding it catches typing errors before a payment is sent, but it does not confirm that the account exists or belongs to the supplier.<\/span>\u00a0<\/span><\/p>\n

WHY IT MATTERS IN PROCUREMENT<\/span><\/b>\u00a0<\/span><\/h2>\n

An IBAN is a long string, and long strings get mistyped. A transposed digit can mean a rejected payment, bank fees and weeks of delay. Validation stops most of these errors at the point of entry.<\/span>\u00a0<\/span><\/p>\n

Validation is often described as bank verification. It is not. The check digits show that the number is internally consistent, not that the account is real or owned by the supplier. Treat it as the first gate, then add ownership checks and <\/span>bank change controls<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

THE CORE PROCESS \/ LIFECYCLE<\/span><\/b>\u00a0<\/span><\/h2>\n