What is an IBAN and is it required for international transfers?

The International Bank Account Number (IBAN) identifies bank accounts when making or receiving international payments.

The IBAN varies by country/institution and does not replace your account number. Only the institution servicing an account can provide the correct IBAN of that account and it must be obtained from the beneficiary of the wire. An IBAN is required for beneficiary accounts in Europe and other countries around the world. 

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You may also need:

• How do I send or receive wire transfers?
• What is the fee for sending domestic or international wires?
• What information do you need to send an international wire?