IBAN Information for: Andorra
Find out all you need to know about the IBAN format in AD, including length, structure, and validation rules.
IBAN Information - Andorra
Overview
The International Bank Account Number (IBAN) for Andorra (AD) follows specific formatting rules. Here you'll find all the important details about the AD IBAN format.
Key Details
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IBAN Length 24 characters
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Country Prefix AD
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SEPA Member Yes
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Currency EUR
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Membership Other Member
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Central Bank Institut Nacional Andorrà de Finances
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Central Bank Website www.inaf.ad
Format Information
Domestic Format Information
IBAN Block Structure
AD 12 0001 2030 200359100100
IBAN Structure Legend
- AD Country Code
- 12 Check Digits
- 0001 Bank Code
- 2030 Branch Code
- 200359100100 Account Number
Structure for Andorran IBAN
Andorran IBANs consist of the country code (AD), check digits (2 digits), bank code (4 digits), branch code (4 digits), and account number (12 digits).
The Andorran IBAN consists of 24 characters. The bank code (4 digits) identifies the financial institution. The branch code (4 digits) identifies the specific branch of the bank. The account number (12 digits) identifies the individual account within the bank.
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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