IBAN Information for: Norway
Find out all you need to know about the IBAN format in NO, including length, structure, and validation rules.
IBAN Information - Norway
Overview
The International Bank Account Number (IBAN) for Norway (NO) follows specific formatting rules. Here you'll find all the important details about the NO IBAN format.
Key Details
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IBAN Length 15 characters
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Country Prefix NO
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SEPA Member Yes
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Currency NOK
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Membership EFTA Member
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Central Bank Central Bank of Norway (Norges Bank)
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Central Bank Website www.norges-bank.no
Format Information
Domestic Format Information
IBAN Block Structure
NO 93 8601 111794 7
IBAN Structure Legend
- NO Country Code
- 93 Check Digits
- 8601 Bank Code
- 111794 Account Number
- 7 National Code
Structure for Norwegian IBAN
Norwegian IBANs consist of the country code (NO, 2 characters), check digits (2 digits), bank code (4 characters), account number (6 digits), and national code (1 digit).
The Norwegian IBAN consists of 15 characters, making it one of the shortest IBAN formats in Europe. The bank code (4 characters) identifies the bank, while the account number (6 digits) contains the details of the customer account. The national code (1 digit) serves as an additional identifier. Although Norway is not a member of the European Union, it participates in SEPA transactions, which simplifies transfers to and from Norway. The Norwegian banking system uses a national format for account numbers that is reflected in the IBAN structure.
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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