IBAN Information for: Niger
Find out all you need to know about the IBAN format in NE, including length, structure, and validation rules.
IBAN Information - Niger
Overview
The International Bank Account Number (IBAN) for Niger (NE) follows specific formatting rules. Here you'll find all the important details about the NE IBAN format.
Key Details
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IBAN Length 28 characters
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Country Prefix NE
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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 (BCEAO)
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Central Bank Website www.bceao.int
Format Information
Domestic Format Information
IBAN Block Structure
NE 58 NE0 38010 010013030500 02
IBAN Structure Legend
- NE Country Code
- 58 Check Digits
- NE0 Bank Code
- 38010 Branch Code
- 010013030500 Account Number
- 02 National Code
Structure for Nigerien IBAN
Nigerien IBANs consist of the country code (NE, 2 characters), check digits (2 digits), bank code (3 characters), branch code (5 digits), account number (12 digits), and national code (2 digits).
The Nigerien IBAN consists of 26 characters. The bank code (3 characters) identifies the bank, followed by the branch code (5 digits) which identifies the specific branch. The account number (12 digits) contains the details of the customer account, and the last 2 digits form the national code. Niger is one of the countries that has experimentally implemented the IBAN format, but is not part of the SEPA zone. Therefore, international transfers to Niger may require longer processing times and incur higher fees than transfers within SEPA.
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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