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IBAN NO.

Former Member
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Hi,

I have till now worked with Indian Clients and have never worked on IBAN No. But now I am working with an European client and they have IBAN Nos.

Can anyone tell me what is an IBAN no. and whether they are given by banks? or are they auto generated by the system?

Thanks in advance,

SAPFICO

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders.

The IBAN was developed to facilitate payments within the European Union. Customers, especially individuals and SMEs, are frequently confused by differing national standards for bank account numbers. The IBAN is not yet used for routing, because the IBAN has not been widely adopted outside Europe, among other reasons. The ECBS expects that adoption may take up to ten years, so it remains necessary to use the current ISO 9362 Bank Identifier Code system (BIC or SWIFT code) in conjunction with the BBAN or IBAN.

At present, the United States does not participate in IBAN. Currently all European countries, as well as some African countries, and Turkey participate in the IBAN system, while the rest of the world remains outside of it.

The IBAN is made up of the following elements all stuffed to form a single one length format:

u2022 Two-letter country code (CC).

u2022 Two-number check digit (CD) for the entire IBAN account number.

u2022 Basic Bank Account Number (BBAN), no more than 30 characters long, comprising Institution Identification (IID) and Bank Account Number (BAN)

The IBAN is a series of alphanumeric characters that uniquely identifies an account held at a bank. IBAN always starts with 2 letter country code.

Example of IBAN used in UK.

GB29 NWBK 6016 1331 9268 19

GB(Country code) 29 ( Check Digit) NWBK( Bank Name Code) 601613 ( Bank Branch code)31926819 (Account No)

Total Length: 22

Answers (3)

Answers (3)

Former Member
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kishore_babu15
Active Contributor
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Hi,

IBAN without Bank Account Number

In this IMG activity you decide whether users can enter bank details without account number and save and process them in the system. "Bank details without an account number" are bank details where the user knows the International Bank Account Number (IBAN) but not the bank account number.

Note the constellations that arise from this IMG activity:

You have set the activation indicator in this IMG activity:

In manual processing, the user can enter bank details without an account number.

In automatic processes, for example, the transfer by batch input or in the automatic payment run, the system can process the bank details with account number.

You have <Object8>not set the activation indicator in this IMG activity:

In manual processing, the user cannot enter bank details without an account number.

When you post a document by batch input you cannot enter bank details without account number.

The activation indicator has no effect for the transfer customer and vendor master data by batch input and for the automatic payment run. The system processes the bank details without an account number irrespective of whether this indicator is set or not.

You have set the activation indicator in this IMG activity and removed it later:

This situation can lead to bank details without an account number existing in your system even though the indicator is no longer set.

For each of the above constellations, target systems with a lower release cannot process bank details without account number for the transfer by batch input. The bank details are therefore not available there.

Note that there is also an indicator to activate the IBAN without bank account number for the SAP Business Partner. If you have not activated this indicator in the SAP Business Partner be sure to note the following restrictions.

Standard settings

In the standard delivery, this indicator is not active.

Activities

If you have set the activation indicator in this IMG activity, in Customizing, check your settings for the payment method per country and, in particular, consider the indicators IBAN Required and Account Number Required. For a payment method that requires an IBAN but no account number, for example, deselect the Account Number Required indicator.

Regards,

Kishore K

iklovski
Active Contributor
0 Kudos

Hi,

The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders.

http://en.wikipedia.org/wiki/International_Bank_Account_Number

In SAP (due to the localization of the system- there could be control of IBAN number based on the account number provided. In other cases, IBAN is entered manually.

Regards,

Eli