IBAN Information for: Faroe Islands

Find out all you need to know about the IBAN format in FO, including length, structure, and validation rules.

IBAN Information - Faroe Islands

Overview

The International Bank Account Number (IBAN) for Faroe Islands (FO) follows specific formatting rules. Here you'll find all the important details about the FO IBAN format.

Key Details

  • IBAN Length 18 characters
  • Country Prefix FO
  • SEPA Member No
  • Currency DKK
  • Membership Non-Member
  • Central Bank National Bank of Denmark (Danmarks Nationalbank)
  • Central Bank Website www.nationalbanken.dk

Format Information

FO2!n4!n9!n1!n
^FO(\d{2})(\d{4})(\d{9})(\d{1})$
FO2000400440116243

Domestic Format Information

4!n9!n1!n
14 characters
0040 0440116243, 6460 0001631634, 6471 0001000206
00400440116243, 64600001631634, 64710001000206

IBAN Block Structure

FO 92 6460 012345678 1

IBAN Structure Legend
  • FO Country Code
  • 92 Check Digits
  • 6460 Bank Code
  • 012345678 Account Number
  • 1 National Check Digit
Structure for Faroese IBAN

Faroese IBANs consist of the country code (FO), check digits (2 digits), bank code (4 digits), account number (9 digits), and national check digit (1 digit).

The Faroese IBAN consists of 18 characters. The Faroe Islands are an autonomous territory of the Kingdom of Denmark but use their own country code for bank accounts. The Faroese banking system is closely linked to the Danish system but uses a distinct format for account details.

Bank Information

The IBAN contains encoded information about the bank and branch. Below are the positions of these components in the BBAN part.
Positions 0 to 3
Positions 13 to 13
Yes
2011-06-20

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.

Important to know: Each country has its own IBAN format and length, but all follow the same basic structure with a country code, check digits, and account number components.
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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