IBAN Information for: Saudi Arabia
Find out all you need to know about the IBAN format in SA, including length, structure, and validation rules.
IBAN Information - Saudi Arabia
Overview
The International Bank Account Number (IBAN) for Saudi Arabia (SA) follows specific formatting rules. Here you'll find all the important details about the SA IBAN format.
Key Details
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IBAN Length 24 characters
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Country Prefix SA
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SEPA Member No
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Currency SAR
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Membership Non-Member
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Central Bank Saudi Arabian Monetary Agency
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Central Bank Website www.sama.gov.sa
Format Information
Domestic Format Information
IBAN Block Structure
SA 44 20 000001234567891234
IBAN Structure Legend
- SA Country Code
- 44 Check Digits
- 20 Bank Code
- 000001234567891234 Account Number
Structure for Saudi Arabian IBAN
Saudi Arabian IBANs consist of the country code (SA, 2 characters), check digits (2 digits), bank code (2 characters), and account number (18 characters). In total, the Saudi Arabian IBAN comprises 24 characters.
The Saudi Arabian IBAN consists of 24 characters in total. The bank code identifies the bank, while the account number contains the customer account details. Saudi Arabia is not a member of the European Union and does not belong to the SEPA (Single Euro Payments Area), but the country has adopted the IBAN standard for international banking transactions. The national currency is the Saudi Riyal (SAR). International transfers to Saudi Arabia are often subject to specific regulations and may require longer processing times compared to transfers within the SEPA zone.
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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