IBAN Information for: Portugal
Find out all you need to know about the IBAN format in PT, including length, structure, and validation rules.
IBAN Information - Portugal
Overview
The International Bank Account Number (IBAN) for Portugal (PT) follows specific formatting rules. Here you'll find all the important details about the PT IBAN format.
Key Details
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IBAN Length 25 characters
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Country Prefix PT
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SEPA Member Yes
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Currency EUR
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Membership EU Member
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Central Bank Bank of Portugal
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Central Bank Website www.bportugal.pt
Format Information
Domestic Format Information
IBAN Block Structure
PT 50 0027 0000 00012345678 33
IBAN Structure Legend
- PT Country Code
- 50 Check Digits
- 0027 Bank Code
- 0000 Branch Code
- 00012345678 Account Number
- 33 Account Check Digits
Structure for Portuguese IBAN
Portuguese IBANs consist of the country code (PT, 2 characters), check digits (2 digits), bank code (4 digits), branch code (4 digits), account number (11 digits), and account check digits (2 digits).
The Portuguese IBAN consists of 25 characters in total. The bank code identifies the bank and the branch code identifies the specific branch where the account is held. Portugal is part of the SEPA (Single Euro Payments Area), which means that euro transfers to and from Portuguese banks can be made under the same conditions as domestic transfers within the EU. The IBAN structure also applies to the Azores and Madeira, which are part of Portugal.
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
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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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