Bank account format

Bank accounts must be numbered according to the international standard (ISO13616).

This standard is known as International Bank A/C Number (IBAN) and has a predefined structure, which contains details of the bank/branch identifier.

Mexico specifics

The bank account format is Clave Bancaria Estandarizada (CLABE). IBANs are not used in Mexico. The CLABE is a banking standard for numbering bank accounts in Mexico. This standard is a requirement for sending and receiving domestic inter-bank electronic funds transfer. The CLABE account code contains 18 digits.

3 digits: Bank code
3 digits: Branch office code
11 digits: Account number
1 digit: Control digit

How Infor meets the requirement

Create a Cash Management account and select Standard Account Number in the Validation Type field . The Cash Management Account field size is 35 and 30 characters are displayed.

For information about bank account format, see the related topics in Cash Management User Guide.