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What is an International Bank Account Number (IBAN)?
An IBAN, or International Bank Account Number, is a globally recognised sequence of letters and numbers used to process select cross-border payments.
International payments from Australian accounts to IBAN-recognised countries will require a valid IBAN. It’s a good idea to check and confirm the IBAN with the person receiving the money because if the IBAN is incorrect or missing, a charge may be applied by the receiving bank and the transfer may not go through.