IBAN - The International Bank Account Number

The International Bank Account Number (IBAN) provides a mechanism for introducing a common account numbering standard in the Kingdom of Saudi Arabia and internationally. It involves the inclusion of additional characters before the basic account number enabling the validation of customer account numbers by other banks and customers with benefits accruing for both domestic and cross-border payments.

The IBAN helps the Straight-Through-Processing (STP) of payments between banks by enabling the correct identification of a Beneficiary's bank account.

The IBAN provides the facility for the sending bank and/or the remitter to perform a validity check of the Beneficiary's account number at another bank.

  • IBAN Format in Saudi Arabia

    The national standard for the IBAN in the Kingdom of Saudi Arabia, which conforms to the international standard, will be a fixed length of 24 alphanumeric characters made up as follows:
    2a [country code], 2n [check digits], 2n [bank identifier], followed by 18c [the basic account number to be preceded by zeros, if required]

    Content Form Division
    Country Code 2a (Fixed length of 2 alpha characters) SA
    Check Digits 2n (Fixed length of 2 numeric characters) this is used to check the validity of an account number
    Bank Identifier 2n (Fixed length of 2 numeric characters) this check clearing code of the account holding bank
    Account Number 18c (Fixed length of 18 alphanumeric characters) this is the customer's "basic account number"

    When printed, the IBAN will appear in groups of four characters with each group being separated by a blank space to increase the readability of the IBAN when presented on paper. When used electronically the IBAN should be input as a continuous string, i.e. all spaces removed.

  • IBAN Benefits
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