IBAN Information for: Kuwait
Find out all you need to know about the IBAN format in KW, including length, structure, and validation rules.
IBAN Information - Kuwait
Overview
The International Bank Account Number (IBAN) for Kuwait (KW) follows specific formatting rules. Here you'll find all the important details about the KW IBAN format.
Key Details
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IBAN Length 30 characters
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Country Prefix KW
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SEPA Member No
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Currency KWD
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Membership Non-Member
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Central Bank Central Bank of Kuwait
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Central Bank Website www.cbk.gov.kw
Format Information
Domestic Format Information
IBAN Block Structure
KW 81 CBKU 0000000000001234560101
IBAN Structure Legend
- KW Country Code
- 81 Check Digits
- CBKU Bank Code
- 0000000000001234560101 Account Number
Structure for Kuwaiti IBAN
Kuwaiti IBANs consist of the country code (KW), check digits (2 digits), bank code (4 letters), and account number (22 digits).
The Kuwaiti IBAN consists of 30 characters. The bank code (4 letters) identifies the bank (e.g., CBKU for Central Bank of Kuwait), followed by the 22-digit account number. Kuwait has implemented the IBAN system to standardize international transfers and prevent errors in transactions. The national currency is the Kuwaiti Dinar (KWD), which is one of the highest-valued currencies in the world. Kuwait is not a SEPA member.
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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