An IBAN is a standardised account-number format used for international bank transfers. It encodes the country, check digits, bank identifier and account number in a fixed structure so the receiving bank can validate the format before submission. IBAN is mandatory for SEPA payments and widely accepted for non-SEPA cross-border transfers as well.
Travel payments glossary
International Bank Account Number (IBAN)
A standardised account number used for international bank transfers.
Why it matters in travel
Travel businesses paying European suppliers, refunding European customers or accepting bank payments from European agencies rely on accurate IBANs to keep funds moving without delays. IBAN format checks catch many mis-entries before money leaves the bank.
For a UK operator paying European hoteliers, every IBAN is a chance to make a £20,000 mistake. The format check catches most errors, but a typo that produces a valid-looking IBAN against the wrong account is exactly the kind of error that takes weeks to resolve and tens of customer-service hours. The discipline of validation matters.
Travel businesses with mature payment operations store IBANs against the supplier or beneficiary record once, validate them on entry, and never re-enter them from a contract again. The businesses that re-key IBANs every time a payment goes out introduce error rates that compound with growth.
How felloh helps
felloh stores supplier and beneficiary IBANs alongside the booking and supplier record so payments leave with valid details and arrivals are matched back to the right booking automatically.
Where this shows up in finance operations.
International Bank Account Number (IBAN) touches more than one workflow at felloh. Start with the pages most travel teams reach for next.
- Financial Operations
Reconciliation, settlement, refunds and protected-funds workflows on one booking-aware ledger.
Explore - Automate Reconciliation
Bulk settlements unpacked to fees, refunds and chargebacks; bank transfers matched without references to chase.
Explore - Know Your Cash Position
See received, protected, committed and available cash by booking — without rebuilding the picture from exports.
Explore
More on travel finance operations.
Real-world context from the felloh team and customers, written for travel finance and operations.
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Connect the dots.
See how payments, settlement, refunds and reporting evidence connect around every booking.