IBAN Information for: Burkina Faso
Find out all you need to know about the IBAN format in BF, including length, structure, and validation rules.
IBAN Information - Burkina Faso
Overview
The International Bank Account Number (IBAN) for Burkina Faso (BF) follows specific formatting rules. Here you'll find all the important details about the BF IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix BF
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SEPA Member No
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Currency XOF
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Membership Non-Member
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Central Bank Central Bank of West African States (BCEAO)
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Central Bank Website www.bceao.int
Format Information
Domestic Format Information
IBAN Block Structure
BF 42 BF084 01013 00463574000 39
IBAN Structure Legend
- BF Country Code
- 42 Check Digits
- BF084 Bank Code
- 01013 Branch Code
- 00463574000 Account Number
- 39 Control Characters
Structure for Burkina Faso IBAN
Burkina Faso IBANs consist of the country code (BF), check digits (2 digits), bank code (5 characters), branch code (5 digits), account number (11 digits), and 2 control characters at the end.
The Burkina Faso IBAN consists of 27 characters. The bank code (5 characters) typically begins with "BF" followed by three digits identifying the financial institution. The branch code (5 digits) identifies the specific branch of the bank. The account number (11 digits) identifies the individual account within the bank. At the end of the IBAN, there are 2 control characters used for validation. Burkina Faso adopted the IBAN system to facilitate international payments within the West African Economic and Monetary Union framework.
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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