International Bank Account Number
What is IBAN?
IBAN is an account number used to make or receive electronic fund transfers.
How it differs from the existing account number?
A unique numbering system which adds three components to the existing account number.
What are those additional components?
How to obtain IBAN?
Banks issue IBANs to their customers. A customer can find the IBAN in the header of the regular bank account statement. Anyone who has not received IBAN should contact the Bank.
Benefits of IBAN on fund transfers:
Effective 31st of January 2012, all Bank customers in Bahrain need to use an IBAN when they make or receive the following electronic payments through banks within Bahrain or overseas:
Sending and receiving electronic fund transfers in Bahrain
Sending electronic fund transfers to countries which have adopted IBAN. These countries include a number of GCC countries (Saudi Arabia, Kuwait & the United Arab Emirates) and the majority of European Union countries
Receiving electronic fund transfers from any country (regardless of having implemented IBAN or not). Customers should provide their IBANs to parties from whom they are expecting payments
IBAN reduces errors and paves the way forward to minimize delays in processing fund transfers. This is due to the use of the correct bank account number, which is assured by IBAN standards.
IBAN standards contain a mechanism to check the accuracy of the IBAN of the recipient.
With the implementation of IBAN, banks will only make the payments which carry the correct IBAN.
Customers can check the accuracy of an IBAN by using the websites provided in useful links.
For more information, please visit your branch or call our Customer Contact Center
on 17541000 any time