IBAN Information for: Martinique
Find out all you need to know about the IBAN format in MQ, including length, structure, and validation rules.
IBAN Information - Martinique
Overview
The International Bank Account Number (IBAN) for Martinique (MQ) follows specific formatting rules. Here you'll find all the important details about the MQ IBAN format.
Key Details
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IBAN Length 27 characters
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Country Prefix MQ
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SEPA Member Yes
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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
FR 76 30006 00001 12345678901 89
IBAN Structure Legend
- FR Country Code
- 76 Check Digits
- 30006 Bank Code
- 00001 Branch Code
- 12345678901 Account Number
- 89 National Check Digits
Structure for Martinique IBAN
The IBAN for Martinique uses the French IBAN standard (FR) and consists of the country code (FR), check digits (2 digits), bank code (5 digits), branch code (5 digits), account number (11 digits), and national check digits (2 digits).
Martinique is a French overseas department in the Caribbean and therefore uses the French IBAN standard with the country code "FR". The IBAN consists of 27 characters. The bank code (5 digits) identifies the bank, followed by the branch code (5 digits). The account number (11 digits) contains the details of the customer account. The last 2 digits are national check digits used for internal validation. As part of France, Martinique belongs to the SEPA (Single Euro Payments Area).
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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