IBAN Information for: Comoros
Find out all you need to know about the IBAN format in KM, including length, structure, and validation rules.
IBAN Information - Comoros
Overview
The International Bank Account Number (IBAN) for Comoros (KM) follows specific formatting rules. Here you'll find all the important details about the KM IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix KM
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SEPA Member No
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Currency LMF
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Membership Non-Member
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Central Bank Banque Centrale des Comores
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Central Bank Website www.banque-comores.km
Format Information
Domestic Format Information
IBAN Block Structure
KM 46 00005 00001 00109044001 37
IBAN Structure Legend
- KM Country Code
- 46 Check Digits
- 00005 Bank Code
- 00001 Branch Code
- 00109044001 Account Number
- 37 Control Characters
Structure for Comorian IBAN
Comorian IBANs consist of the country code (KM), check digits (2 digits), bank code (5 digits), branch code (5 digits), account number (13 digits), and control characters (2 digits).
The Comorian IBAN consists of 27 characters. The bank code (5 digits) identifies the financial institution. The branch code (5 digits) identifies the specific branch of the bank. The account number (13 digits) identifies the individual account within the bank. The last 2 characters are control characters used for additional validation purposes. Comoros has adopted the IBAN system to facilitate international transactions. The national currency is the Comorian Franc (KMF). Comoros is not a SEPA member.
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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