Check an IBAN

The IBAN makes automatic processing of cross-border payments easier and enables the bank to check, immediately upon receipt, whether the account numbers are correct. This avoids fees for manual processing of transfers. Using the IBAN when sending funds aids Straight Through Processing (STP) and avoids any associated charges.

How an IBAN is constructed The IBAN is an international standard (ISO 13616). The number comprises maximum 34 alphanumerical characters, which are structured as follows:

• Two letters representing the home country of the account-holding bank (ISO 3166 country code with two letters, e.g. IE for Ireland)
• Two numbers that are a control key
• Maximum of 30 alphanumeric characters that identify the bank and the ordinary account number.

An IBAN in Danske Bank consists of 22 characters, which comprise the ISO country code + control key + sort code + the ordinary account number of 8 digits.

Example of the IBAN in Danske Bank

Here is an example of how an IBAN is constructed for a fictional Danske Bank account with sort code 950121 and account number 12345678:

Ask your foreign supplier to notify you of its IBAN so that you can write it on the payment orders that you send through Danske Bank. If your supplier lives in the EU or EEA, the IBAN must appear on its invoices.

The IBAN must appear on your invoices so that your foreign customers can write it on the payment orders to you.

The bank assigns an IBAN to each of your accounts. You cannot automatically calculate an IBAN yourself, as each bank might have different methods of registering their account numbers in the IBAN. The IBAN appears on account statements and in the bank's online systems.

SWIFT/BIC (Bank Identifier Code) is an international standard for identifying a bank.

Danske Bank’s SWIFT is: DABAGB2B. You will benefit from using IBAN and SWIFT for international payments. Since there is no manual handling, transaction costs are reduced.