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IBAN Information for: Iceland

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

IBAN Information - Iceland

Overview

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

Key Details

  • IBAN Length 26 characters
  • Country Prefix IS
  • SEPA Member Yes
  • Currency ISK
  • Membership EFTA Member
  • Central Bank Central Bank of Iceland
  • Central Bank Website www.sedlabanki.is

Format Information

IS2!n4!n2!n6!n10!n
^IS(\d{2})(\d{4})(\d{2})(\d{6})(\d{10})$
IS140159260076545510730339

Domestic Format Information

4!n2!n6!n10!n
22 characters
0159-26-007654-551073-0339
0159260076545510730339

IBAN Block Structure

IS 14 0159 26 007654 5510730339

IBAN Structure Legend
  • IS Country Code
  • 14 Check Digits
  • 0159 Bank Code
  • 26 Account Type
  • 007654 Account Number
  • 5510730339 Identification Number
Structure for Icelandic IBAN

Icelandic IBANs consist of the country code (IS), check digits (2 digits), bank code (4 digits), account type (2 digits), account number (6 digits), and identification number (10 digits).

The Icelandic IBAN consists of 26 characters. The bank code (4 digits) identifies the bank, followed by the account type (2 digits) which specifies the type of account. The actual account number (6 digits) identifies the account within the bank, while the identification number (10 digits) contains additional identification information. Iceland is not an EU member but is part of the European Economic Area (EEA) and the European Free Trade Association (EFTA). The national currency is the Icelandic Króna (ISK). Iceland is a SEPA member, which facilitates transfers with EU countries.

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 6 to 11
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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IBAN FAQs

What is an IBAN? IBAN - Countrylist How to remember your IBAN? How is the IBAN structured? How is the IBAN check digit calculated? BIC - Bank Identifier Code

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