IBAN Information for: Saint Martin
Find out all you need to know about the IBAN format in MF, including length, structure, and validation rules.
IBAN Information - Saint Martin
Overview
The International Bank Account Number (IBAN) for Saint Martin (MF) follows specific formatting rules. Here you'll find all the important details about the MF IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix MF
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SEPA Member No
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Currency EUR
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Membership EU Member
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Central Bank Bank of France (Banque de France)
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Central Bank Website www.banque-france.fr
Format Information
Domestic Format Information
IBAN Block Structure
MF 56 20041 01005 0500013M026 06
IBAN Structure Legend
- MF Country Code
- 56 Check Digits
- 20041 Bank Code
- 01005 Branch Code
- 0500013M026 Account Number
- 06 National Check Digits
Structure for Saint Martin IBAN
Saint Martin IBANs consist of the country code (MF), check digits (2 digits), bank code (5 digits), branch code (5 digits), account number (11 digits), and national check digits (2 digits). It follows the French IBAN structure.
The Saint Martin IBAN consists of 27 characters and follows the same format as the French IBAN. Saint Martin is a French overseas territory in the Caribbean and uses the French banking system. The bank code (5 digits) identifies the bank, followed by the branch code (5 digits). The account number (11 characters) may be alphanumeric. The last 2 digits are national check digits used for internal validation.
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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