IBAN Information for: Italy
Find out all you need to know about the IBAN format in IT, including length, structure, and validation rules.
IBAN Information - Italy
Overview
The International Bank Account Number (IBAN) for Italy (IT) follows specific formatting rules. Here you'll find all the important details about the IT IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix IT
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SEPA Member Yes
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Currency EUR
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Membership EU Member
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Central Bank Bank of Italy
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Central Bank Website www.bancaditalia.it
Format Information
Domestic Format Information
IBAN Block Structure
IT 60 X 05428 11101 000000123456
IBAN Structure Legend
- IT Country Code
- 60 Check Digits
- X Check Character
- 05428 Bank Code
- 11101 Branch Code
- 000000123456 Account Number
Structure for Italian IBAN
Italian IBANs consist of the country code (IT), check digits (2 digits), check character (1 character), bank code (5 digits), branch code (5 digits), and account number (12 digits).
The Italian IBAN consists of 27 characters. The check character (1 character) is a national code for internal validation. The bank code (5 digits) identifies the bank, the branch code (5 digits) identifies the branch. The account number (12 digits) identifies the individual account and may be alphanumeric.
Bank Information
What is an IBAN?
An International Bank Account Number (IBAN) is a standardized international numbering system developed to identify bank accounts from around the world. It was originally adopted by the European Committee for Banking Standards and later as an international standard.
IBAN Uses
- International wire transfers
- SEPA payments within Europe
- Automated payment processing
Benefits of IBANs
- Reduced errors in international payments
- Faster processing of cross-border transactions
- Standardized format for global banking
Our IBAN Tools
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IBAN FAQs
Did You Know?
IBAN Verification
The check digits in an IBAN allow for verification of the entire number, reducing the risk of errors during transcription. This makes international payments more reliable.
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