Qatar National Bank QNB : IBAN Convertor
Name of the Organization : Qatar National Bank
Type of Facility : IBAN Convertor
Country : Qatar
Website : https://www.qnb.com/sites/qnb/qnbqatar/page/en/en-home.html
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QNB IBAN Convertor
The Qatar Central Bank which is regulating banking matters in Qatar has decided to have Qatar adopting the International Bank Account Number (IBAN) standard for Banking Account Numbers.
Related : Qatar National Bank QNB Card Travelling Abroad Activation : www.statusin.org/5950.html
How to Convert?
Please enter your QNB Account number in Qatar to generate your IBAN Number. Please enter valid QNB account number without dash (-) or space’.
The IBAN number in Qatar will be 29 digits long for all accounts in Qatar and look as follows
QA01 QNBA 0000 0000 1234 1234 1234 1
Where :
** QA indicates Qatar (all account in Qatar will start with QA)
** 01 are security digits (differs from account to account)
** QNBA is the bank code (example for QNB) ; each bank has a unique code of 4 letters
** The following digits are the rest of the account number
** For QNB, your existing account number – also called Basic Bank Account number ‘BBAN’- is shown in the last 13 digits of the IBAN.
What is IBAN?
The IBAN is an international standard for identifying bank accounts across national borders in a way that would minimize the risk of propagating transcription errors. It is used in facilitating payments and has now been widely adopted by many countries in the Middle East as well as most European countries.
IBAN guarantees the customers a unique international customer account number which can be used confidently in making or receiving payments nationally or internationally. It is the International accepted standard for numbering bank customer accounts and the ISO standard methodology for verifying the accuracy of the IBAN.
What will change for customers can be summarized as follows:
** The existing Account number will be converted to the new IBAN number (which will contain the existing number) and it will show on all bank statements and on channels such as Internet banking, Mobile Banking,…
** To make a transfer to an account of another person or company within Qatar, you will need to obtain their new IBAN number to be able to perform such transfer
** If you need to receive funds from another person or company, you will need to communicate to the other party your new IBAN number.
About Us :
Qatar National Bank (Q.P.S.C.) (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and (50%) held by members of the public.
QNB Group has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa region. For the six months ended 30 June 2017, the Group’s Net Profit reached QAR 6.7 billion, up by 7% from June 2016.