IBAN Information for: Palestine
Find out all you need to know about the IBAN format in PS, including length, structure, and validation rules.
IBAN Information - Palestine
Overview
The International Bank Account Number (IBAN) for Palestine (PS) follows specific formatting rules. Here you'll find all the important details about the PS IBAN format.
Key Details
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IBAN Length 29 characters
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Country Prefix PS
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SEPA Member No
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Currency ILS
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Membership Non-Member
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Central Bank Palestine Monetary Authority
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Central Bank Website www.pma.ps
Format Information
Domestic Format Information
IBAN Block Structure
PS 92 PALS 000000000400123456702
IBAN Structure Legend
- PS Country Code
- 92 Check Digits
- PALS Bank Code
- 000000000400123456702 Account Number
Structure for Palestinian IBAN
Palestinian IBANs consist of the country code (PS, 2 characters), check digits (2 digits), bank code (4 characters), and account number (21 digits).
The Palestinian IBAN consists of 29 characters in total. The bank code identifies the bank where the account is held. Palestine is not part of the SEPA (Single Euro Payments Area), which means that international transfers to and from Palestine may incur additional fees and longer processing times. For international transfers to Palestine, the IBAN should always be used together with the SWIFT/BIC code of the bank.
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
Our IBAN Tools
Validate IBAN
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IBAN FAQs
Did You Know?
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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