Name of the Organization : Central Bank of Bahrain
Type of Facility : Validate IBAN Online
Country : Bahrain
Website : http://www.cbb.gov.bh/page.php?p=iban
Validate IBAN Online :
IBAN is the internationally accepted ISO (the International Organization for Standardization) 13616-1:2007 compliant International Bank Account Number (IBAN) format for bank customer account numbers in the Kingdom of Bahrain.
Related : Al Salam Bank Bahrain Generate IBAN Number Online : www.statusin.org/6006.html
IBAN will: uniquely identify a bank customer account; and promote faster and more reliable electronic customer fund transfers.
ISO IBAN Standard for the Kingdom of Bahrain:
The Central Bank of Bahrain issued the IBAN Standard for the Kingdom of Bahrain in February, 2011. The IBAN for the Kingdom of Bahrain consists of 22 alphanumeric characters:
Example of an IBAN: BH29 BMAG 1299 1234 56BH 00
IBAN Checker : http://www.cbb.gov.bh/page.php?p=iban-check-code
IBAN Implementation:
Retail banks will start issuing IBANs to customers from 1st September, 2011. Banks and customers are required to use IBAN in making the following payments from 31st January, 2012:
** Domestic electronic payments to and from customer accounts of banks in the Kingdom of Bahrain;
** Cross-border outgoing electronic payments from customer accounts of banks in the Kingdom of Bahrain to customer accounts of banks/financial institutions in countries that have adopted IBAN (and made its usage mandatory); and
** Cross-border incoming electronic payments to customer accounts of banks in the Kingdom of Bahrain from customer accounts of banks/financial institutions in countries that have adopted IBAN as well as countries that have not adopted IBAN.
Banks will indicate the IBAN of the customer and SWIFT Code (BIC) of the bank in the header of the customer’s bank account statement(s).
Implementation of International Bank Account Number (IBAN) is an initiative of the Bahrain Economic Vision 2030 to improve the efficiency of electronic payments and further strengthen Bahrain’s status as the regional financial centre.
IBAN Standard Document:
” ISO International Bank Account Number (IBAN) Standard for the Kingdom of Bahrain ” document provides: the format of the IBAN for the Kingdom of Bahrain; scope, generation and usage of the IBAN; parties authorized to generate and issue IBAN; and the methodology for generation and validation of the IBAN.
FAQs :
How would bank customers benefit from IBAN?
The main benefit of IBAN to the customer is the assurance of making a payment to the correct account without delay. Since banks check the accuracy of the IBAN at the point of initiating a payment, they can only make the payments which carry the correct IBAN.
Who requires an IBAN?
Bank customers, who receive or make electronic payments in Bahrain or abroad, will require IBAN. If you have more than one account at your bank, you will require an IBAN for each of your accounts.
When can bank customers use IBAN in the Kingdom of Bahrain?
Bank customers can use IBAN for their interbank domestic and cross-border electronic payments from 31st January, 2012.
How can I get my IBAN?
Each of your account numbers will be converted into IBAN format and will be informed to you by your bank, from 1st September, 2011. Your bank will also print your ΙΒΑΝ and bank SWIFT Code on your bank statement(s).
Can I use IBAN for a payment to be made to a person in a country that has adopted IBAN, but has not made its usage compulsory?
Yes, your bank will accept the payment and check the accuracy of the IBAN.