Name of the Organization : International Bank of Qatar
Type of Facility : IBAN Generator & Validator
Country : Qatar
Website : intlb – qa [dot] com
IBAN Generator & Validator
IBAN stands for International Bank Account Number. It is a standard way of uniquely identifying any bank account in any of the IBAN participating countries. The standard is defined in ISO 13616. The Registration Authority for IBAN is SWIFT.
Related : Qatar International Islamic Bank Credit Card Balance Transfer : www.statusin.org/5970.html
An IBAN consists of:
1. The 2 Alpha ISO 3166-1 country code
2. 2 check digits calculated according to ISO/IEC 7064 (MOD97-10)
3. The unique identifier for the bank (format decided by each country)
4. The branch identifier (optional, depending on the country rules)
5. The account number
The length of the IBAN is fixed for each country up to a maximum of 34 characters.
IBAN Generator: intlb – qa [dot] com
IBAN Validator: intlb – qa [dot] com
Benefit of an IBAN
IBANs facilitate cross border payments (in particular) by having a common way to identify the country, bank, branch and account number of the beneficiary without having to know anything about the local clearing system. For example in the UK you need to know the 6 digit branch sort code, in Australia it’s the BSB, in the US it’s the ABA. But until the latter 2 countries join IBAN, you’re still going to need to know the local clearing codes. But if you want to pay someone in Mauritania or France, all you need is the beneficiary’s IBAN.
IBANs can also facilitate local payments, by ensuring beneficiary account numbers are in a machine readable format and they are protected against error by the strong check digit algorithm.
Who’s on IBAN already?:
There are 62 countries currently on IBAN.
Why is Qatar going with IBAN?:
Because of the above benefits and also because many regional countries are already on IBAN – Bahrain, Kuwait, Lebanon, Saudi Arabia, UAE.
What is the format of Qatar’s IBAN?:
We will have a 29 digit IBAN in the format:
QAcc bbbb nnnn nnnn nnnn nnnn nnnn n
1. QA is the country code for Qatar
2. cc is the 2 digit check number
3. bbbb is the Bank identifier – SWIFT code
4. n is the 21 digit branch and account number, padded left with zeros if the account number is less than 21 characters
Example: For the IBQ account number 8000-163412-001 the IBAN would be something like QA53 IBOQ 0000 0000 8000 1634 1200 1
What payments are covered?:
All inter-bank transfers to accounts within Qatar will require a beneficiary IBAN from 1st May 2014. This includes SWIFT payments and instructions, ibqOnline payment instructions, salary transfers and QATCH payments.
Are cheques affected?:
No. Cheques will continue to be cleared as they are today.
Will customers have more than one IBAN?:
Customers can have more than one IBAN. An IBAN uniquely identifies an account (not a customer) so if the customer has more than one account (say a QAR current account and a USD Super Saver) they will have more than one IBAN.