IBAN Information for: Cameroon
Find out all you need to know about the IBAN format in CM, including length, structure, and validation rules.
IBAN Information - Cameroon
Overview
The International Bank Account Number (IBAN) for Cameroon (CM) follows specific formatting rules. Here you'll find all the important details about the CM IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix CM
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SEPA Member No
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Currency XAF
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Membership Non-Member
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Central Bank Bank of Central African States
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Central Bank Website www.beac.int
Format Information
Domestic Format Information
IBAN Block Structure
CM 21 10003 02400 02240169522 38
IBAN Structure Legend
- CM Country Code
- 21 Check Digits
- 10003 Bank Code
- 02400 Branch Code
- 02240169522 Account Number
- 38 Control Characters
Structure for Cameroonian IBAN
Cameroonian IBANs consist of the country code (CM), check digits (2 digits), bank code (5 digits), branch code (5 digits), account number (11 digits), and control characters (2 characters).
The Cameroonian 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 (11 digits) identifies the individual account within the bank. The final 2 characters are control characters used for additional validation purposes. Cameroon has adopted the IBAN system as part of the standardization of banking practices in the Economic and Monetary Community of Central Africa (CEMAC) region and to facilitate international transactions.
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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