ibanValidationquery lets you check the format of the IBAN. If there are any issues, we will return an error.
accountNumber: the account number (also referred to as the BBAN)
bic: the BIC (Bank Identifier Code) of the bank holding the concerned account
nationalId: the bank's local identifier
branch: the bank branch where the account is opened
name: the name of the bank
address: the address of the bank
ibanValidationquery also provides payment schemes reachability. A boolean, true/false, indicates whether or not the IBAN in question can be reached using one of the following payment schemes:
sepaCreditTransferInst: if true, the IBAN can receive SEPA instant credit transfers
initiateCreditTransfersmutation, you can check if the IBAN is valid. This saves you the trouble of handling errors in case of incorrectly structured IBANs.