IBAN Information for: Cape Verde
Find out all you need to know about the IBAN format in CV, including length, structure, and validation rules.
IBAN Information - Cape Verde
Overview
The International Bank Account Number (IBAN) for Cape Verde (CV) follows specific formatting rules. Here you'll find all the important details about the CV IBAN format.
Key Details
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IBAN Length 25 characters
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Country Prefix CV
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SEPA Member No
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Currency CVE
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Membership Non-Member
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Central Bank Bank of Cape Verde
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Central Bank Website www.bcv.cv
Format Information
Domestic Format Information
IBAN Block Structure
CV 64 0003 0000 45470691101 76
IBAN Structure Legend
- CV Country Code
- 64 Check Digits
- 0003 Bank Code
- 0000 Branch Code
- 45470691101 Account Number
- 76 National Check Digits
Structure for Cape Verde IBAN
Cape Verde IBANs consist of the country code (CV), check digits (2 digits), bank code (4 digits), branch code (4 digits), account number (11 digits), and national check digits (2 digits).
The Cape Verde IBAN consists of 25 characters. The bank code (4 digits) identifies the bank, followed by the branch code (4 digits). The account number is 11 digits long, and the last 2 digits are national check digits used for internal validation.
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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