An IBAN (International Bank Account Number) is a standardised format that identifies a bank account across borders, combining the country, bank, and account details into one string. Weel asks for one when you set up an international supplier for an Accounts Payable payment by bank transfer, and validates it automatically before you submit.
How It Works
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Structure:
- Country code (2 letters): identifies the country where the account is held.
- Check digits (2 numbers): used to validate the IBAN and catch data-entry errors.
- Bank and account identifier (up to 30 further alphanumeric characters): identifies the specific bank and the account holder.
- EUR payments: Weel labels this field IBAN for EUR suppliers in Germany, France, Italy, Ireland, Spain, the Netherlands, and Portugal, plus EUR payments to UK bank accounts.
- GBP payments: for a GBP payment to a UK supplier, Weel asks for a Sort Code and 8-digit account number instead of an IBAN.
- Built-in validation: Weel checks your IBAN against the standard format before you submit, catching errors early and giving you confidence the payment reaches the right account.
- Global reach: IBANs cover most of Europe and parts of the Middle East and Asia, though US accounts use a routing number and account number instead.
- Within Weel: IBAN only applies to the Eurozone countries and GB-to-EUR route above. None of Weel's other supported Middle East or Asia countries, including Singapore, Hong Kong, the Philippines, China, India, and Indonesia, use IBAN in Weel's own beneficiary validation, so don't expect an IBAN field for suppliers in those countries.