IBAN Information for: Algeria
Find out all you need to know about the IBAN format in DZ, including length, structure, and validation rules.
IBAN Information - Algeria
Overview
The International Bank Account Number (IBAN) for Algeria (DZ) follows specific formatting rules. Here you'll find all the important details about the DZ IBAN format.
Key Details
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IBAN Length 24 characters
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Country Prefix DZ
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SEPA Member No
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Currency DZD
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Membership Non-Member
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Central Bank Bank of Algeria
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Central Bank Website www.bank-of-algeria.dz
Format Information
Domestic Format Information
IBAN Block Structure
DZ 58 000 21000 0111300000 05
IBAN Structure Legend
- DZ Country Code
- 58 Check Digits
- 000 Bank Code
- 21000 Branch Code
- 0111300000 Account Number
- 05 National Code
Structure for Algerian IBAN
Algerian IBANs consist of the country code (DZ), check digits (2 digits), bank code (3 characters), branch code (5 digits), account number (10 digits), and national code (2 digits).
The Algerian IBAN consists of 24 characters. The bank code (3 characters) identifies the bank, followed by the branch code (5 digits) identifying the specific branch. The account number (10 digits) represents the customer's account at that branch, followed by a national code (2 digits). Algeria is not a member of the Single Euro Payments Area (SEPA).
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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