IBAN Setup
The International Bank Account Number (IBAN) is an account number that uniquely identifies a bank account and is assigned according to International Organization for Standardization (ISO) standards so that it can be used across national borders. PeopleSoft applications can include this information at the bank account level.
As of January 1, 2004, IBAN must be used for all transfers out of Spain and for special transfers.
Part of banking setup includes IBAN definition. To set up IBAN functionality, you must select the IBAN Enabled field on the IBAN Country Setup page. When the IBAN feature is enabled, the system displays the IBAN field on the Source Bank Account page and the Edit IBAN link on the Maintain Bank Accounts page for the country that you indicated.
Note:
The Application Fundamentals product documentation discusses the IBAN setup in detail.