IBAN Information for: Romania
Find out all you need to know about the IBAN format in RO, including length, structure, and validation rules.
IBAN Information - Romania
Overview
The International Bank Account Number (IBAN) for Romania (RO) follows specific formatting rules. Here you'll find all the important details about the RO IBAN format.
Key Details
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IBAN Length 24 characters
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Country Prefix RO
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SEPA Member Yes
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Currency RON
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Membership EU Member
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Central Bank National Bank of Romania
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Central Bank Website www.bnro.ro
Format Information
Domestic Format Information
IBAN Block Structure
RO 66 BACX 0000001234567890
IBAN Structure Legend
- RO Country Code
- 66 Check Digits
- BACX Bank Code
- 0000001234567890 Account Number
Structure for Romanian IBAN
Romanian IBANs consist of the country code (RO, 2 characters), check digits (2 digits), bank code (4 characters), and account number (16 characters). In total, the Romanian IBAN comprises 24 characters.
The Romanian IBAN consists of 24 characters in total. The bank code identifies the bank, while the account number contains the customer account details. Romania has been a member of the European Union since 2007 and is part of the SEPA (Single Euro Payments Area), which means that euro transfers to and from Romanian banks can be made under the same conditions as domestic transfers within the EU. The national currency is the Romanian Leu (RON).
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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