IBAN Information for: Guinea-Bissau
Find out all you need to know about the IBAN format in GW, including length, structure, and validation rules.
IBAN Information - Guinea-Bissau
Overview
The International Bank Account Number (IBAN) for Guinea-Bissau (GW) follows specific formatting rules. Here you'll find all the important details about the GW IBAN format.
Key Details
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IBAN Length 25 characters
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Country Prefix GW
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SEPA Member No
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Currency XOF
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Membership Non-Member
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Central Bank Central Bank of West African States
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Central Bank Website www.bceao.int
Format Information
Domestic Format Information
IBAN Block Structure
GW 04 GW14 3001 01818006376 01
IBAN Structure Legend
- GW Country Code
- 04 Check Digits
- GW14 Bank Code
- 3001 Branch Code
- 01818006376 Account Number
- 01 National Check Digits
Structure for Guinea-Bissau IBAN
Guinea-Bissau IBANs consist of the country code (GW), check digits (2 digits), bank code (4 characters), branch code (4 digits), account number (11 digits), and national check digits (2 digits).
The Guinea-Bissau IBAN consists of 25 characters. Guinea-Bissau is a member of the West African Economic and Monetary Union (WAEMU) and uses the CFA Franc (XOF). The 4-character bank code starts with the country abbreviation, followed by the branch code. The 11-digit account number contains the actual account number, and the last 2 digits are national check digits used for internal validation.
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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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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