IBAN Information for: Albania
Find out all you need to know about the IBAN format in AL, including length, structure, and validation rules.
IBAN Information - Albania
Overview
The International Bank Account Number (IBAN) for Albania (AL) follows specific formatting rules. Here you'll find all the important details about the AL IBAN format.
Key Details
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IBAN Length 28 characters
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Country Prefix AL
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SEPA Member No
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Currency ALL
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Membership Non-Member
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Central Bank Bank of Albania
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Central Bank Website www.bankofalbania.org
Format Information
Domestic Format Information
IBAN Block Structure
AL 47 212 1100 9 0000000235698741
IBAN Structure Legend
- AL Country Code
- 47 Check Digits
- 212 Bank Code
- 1100 Branch Code
- 9 Control Character
- 0000000235698741 Account Number
Structure for Albanian IBAN
Albanian IBANs consist of the country code (AL), check digits (2 digits), bank code (3 digits), branch code (4 digits), control character (K), and account number (16 digits).
The Albanian IBAN consists of 28 characters. The bank code (3 digits) identifies the financial institution. The branch code (4 digits) identifies the specific branch of the bank. The control character (K) can be either a capital letter or a digit and serves as an additional verification element. The account number (16 digits) identifies the individual account within the bank. The Albanian IBAN is one of the longer IBAN formats in Europe.
Bank Information
What is an IBAN?
An International Bank Account Number (IBAN) is a standardized international numbering system developed to identify bank accounts from around the world. It was originally adopted by the European Committee for Banking Standards and later as an international standard.
IBAN Uses
- International wire transfers
- SEPA payments within Europe
- Automated payment processing
Benefits of IBANs
- Reduced errors in international payments
- Faster processing of cross-border transactions
- Standardized format for global banking
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IBAN Verification
The check digits in an IBAN allow for verification of the entire number, reducing the risk of errors during transcription. This makes international payments more reliable.
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