The BBAN helps to identify an account number of a customer, as well as his bank, domestically. The third and the fourth characters of an IBAN are always the two check digits, generated by a bank in Bahrain, where the customer maintains his account. Accordingly, the first 2 characters of an IBAN for Bahrain are always ‘BH’ (the ISO country code which identifies Bahrain, where the customer account resides). It contains the ISO two letter country code and the two check digits. The header helps to identify and verify the IBAN internationally. the header and the Basic Bank Account Number (BBAN). Implementation of International Bank Account Number (IBAN) is an initiative of the Bahrain Economic Vision 2030 to improve the efficiency of electronic payments and further strengthen Bahrain’s status as the regional financial centre.Īccording to the ISO compliant IBAN Standard issued by the Central Bank of Bahrain (CBB) in February, 2011, all IBANs have a fixed length of 22 characters. Cross-border incoming electronic payments to customer accounts of banks in the Kingdom of Bahrain from customer accounts of banks/financial institutions in countries that have adopted IBAN as well as countries that have not adopted IBAN.īanks will indicate the IBAN of the customer and SWIFT Code (BIC) of the bank in the header of the customer’s bank account statement(s).Cross-border outgoing electronic payments from customer accounts of banks in the Kingdom of Bahrain to customer accounts of banks/financial institutions in countries that have adopted IBAN (and made its usage mandatory) and.Domestic electronic payments to and from customer accounts of banks in the Kingdom of Bahrain. Banks and customers were required to use IBAN in making the following payments from 31 st January, 2012: Retail banks started issuing IBANs to customers from 1 st September, 2011.
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