IBAN Information for: Chad
Find out all you need to know about the IBAN format in TD, including length, structure, and validation rules.
IBAN Information - Chad
Overview
The International Bank Account Number (IBAN) for Chad (TD) follows specific formatting rules. Here you'll find all the important details about the TD IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix TD
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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
TD 89 60002 00001 02710916001 53
IBAN Structure Legend
- TD Country Code
- 89 Check Digits
- 60002 Bank Code
- 00001 Branch Code
- 02710916001 Account Number
- 53 National Code
Structure for Chad IBAN
Chad IBANs consist of the country code (TD, 2 characters), check digits (2 digits), bank code (5 characters), branch code (5 digits), account number (11 digits), and national code (2 digits). In total, the Chad IBAN comprises 27 characters.
The Chad IBAN consists of 27 characters in total. Chad is a member of the Central African Economic and Monetary Community (CEMAC) and uses the CFA Franc (XAF) as its currency, which is pegged to the Euro. The IBAN structure follows a similar format to other francophone African countries. Although Chad is not part of SEPA, the IBAN facilitates international transfers to and from the country. The central bank is the Banque des États de l'Afrique Centrale (BEAC). The bank code identifies the bank, while the branch code specifies the particular bank branch, and the account number contains the customer account details. The national code at the end of the IBAN serves additional identification purposes within the Chadian banking system.
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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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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