IBAN Information for: Seychelles
Find out all you need to know about the IBAN format in SC, including length, structure, and validation rules.
IBAN Information - Seychelles
Overview
The International Bank Account Number (IBAN) for Seychelles (SC) follows specific formatting rules. Here you'll find all the important details about the SC IBAN format.
Key Details
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IBAN Length 31 characters
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Country Prefix SC
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SEPA Member No
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Currency SCR
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Membership Non-Member
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Central Bank Central Bank of Seychelles
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Central Bank Website www.cbs.sc
Format Information
Domestic Format Information
IBAN Block Structure
SC 52 ABCDEFGH 1234567890123456 XXX
IBAN Structure Legend
- SC Country Code
- 52 Check Digits
- ABCDEFGH Bank Code
- 1234567890123456 Account Number
- XXX National Code
Structure for Seychelles IBAN
Seychelles IBANs consist of the country code (SC, 2 characters), check digits (2 digits), bank code (8 characters), account number (16 digits), and national code (3 characters). In total, the Seychelles IBAN comprises 31 characters.
The Seychelles IBAN consists of 31 characters in total. A distinctive feature of the Seychelles IBAN is the 3-digit national code at the end. The 8-character bank code uniquely identifies the bank in Seychelles. Seychelles 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. Transfers to Seychelles 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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