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IBAN Information for: Nicaragua

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

IBAN Information - Nicaragua

Overview

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

Key Details

  • IBAN Length 28 characters
  • Country Prefix NI
  • SEPA Member No
  • Currency NIO
  • Membership Non-Member
  • Central Bank Central Bank of Nicaragua
  • Central Bank Website www.bcn.gob.ni

Format Information

NI2!n4!a20!n
^NI(\d{2})([A-Za-z]{4})(\d{20})$
NI45BAPR00000013000003558124

Domestic Format Information

24!n
24 characters
3123123
BAPR00000013000003558124

IBAN Block Structure

NI 45 BAPR 00000013000003558124

IBAN Structure Legend
  • NI Country Code
  • 45 Check Digits
  • BAPR Bank Code
  • 00000013000003558124 Account Number
Structure for Nicaraguan IBAN

Nicaraguan IBANs consist of the country code (NI, 2 characters), check digits (2 digits), bank code (4 characters), and account number (20 digits).

The Nicaraguan IBAN consists of 28 characters. The bank code (4 characters) identifies the bank, while the account number (20 digits) contains the details of the customer account. Nicaragua has implemented the IBAN system to standardize and simplify international payments. As Nicaragua is not part of the SEPA zone, international transfers may require longer processing times and incur higher fees than transfers within SEPA.

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
No
2017-08-03

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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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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