IBAN Information for: Burundi
Find out all you need to know about the IBAN format in BI, including length, structure, and validation rules.
IBAN Information - Burundi
Overview
The International Bank Account Number (IBAN) for Burundi (BI) follows specific formatting rules. Here you'll find all the important details about the BI IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix BI
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SEPA Member No
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Currency BIF
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Membership Non-Member
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Central Bank Bank of the Republic of Burundi
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Central Bank Website www.brb.bi
Format Information
Domestic Format Information
IBAN Block Structure
BI 42 10000 10001 0000332045181
IBAN Structure Legend
- BI Country Code
- 42 Check Digits
- 10000 Bank Code
- 10001 Branch Code
- 0000332045181 Account Number
Structure for Burundian IBAN
Burundian IBANs consist of the country code (BI), check digits (2 digits), bank code (5 digits), branch code (5 digits), and account number (13 digits).
The Burundian IBAN consists of 27 characters. The bank code (5 digits) identifies the financial institution. The branch code (5 digits) identifies the specific branch of the bank. The account number (13 digits) identifies the individual account within the bank. Burundi has adopted the IBAN system to standardize international payments and facilitate integration into regional and international financial systems.
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
Our IBAN Tools
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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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