IBAN Information for: São Tomé and Príncipe
Find out all you need to know about the IBAN format in ST, including length, structure, and validation rules.
IBAN Information - São Tomé and Príncipe
Overview
The International Bank Account Number (IBAN) for São Tomé and Príncipe (ST) follows specific formatting rules. Here you'll find all the important details about the ST IBAN format.
Key Details
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IBAN Length 25 characters
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Country Prefix ST
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SEPA Member No
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Currency STD
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Membership Non-Member
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Central Bank Central Bank of São Tomé and Príncipe
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Central Bank Website www.bcstp.st
Format Information
Domestic Format Information
IBAN Block Structure
ST 23 0002 0000 02893557101 48
IBAN Structure Legend
- ST Country Code
- 23 Check Digits
- 0002 Bank Code
- 0000 Branch Code
- 02893557101 Account Number
- 48 National Code
Structure for São Tomé and Príncipe IBAN
São Tomé and Príncipe IBANs consist of the country code (ST, 2 characters), check digits (2 digits), bank code (4 characters), branch code (4 digits), account number (11 digits), and national code (2 digits). In total, the São Tomé and Príncipe IBAN comprises 25 characters.
The São Tomé and Príncipe IBAN follows the international standard with 25 characters in total. São Tomé and Príncipe uses the Dobra (STN) as its currency. The banking system is relatively small, with a limited number of banks operating in the islands. The central bank is the Banco Central de São Tomé e Príncipe. Although São Tomé and Príncipe is not part of SEPA, the IBAN facilitates international transfers to and from the country. The bank code identifies the bank, while the branch code specifies the particular bank branch, the account number contains the customer account details, and the national code at the end of the IBAN serves additional identification purposes within the banking system.
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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