The Central Bank of Bahrain has announced the adoption of IBAN (International Bank Account Number) which is an international standard for numbering bank customer accounts. The use of IBAN will be initiated by the end of January 2012.

IBANs will be used for Inward and Outward remittances and the customers’ basic account number will be used for all domestic transactions.

Banks will be able to process Inward/Outward remittances efficiently and promptly through processing the IBAN of the recipient and will allow the bank customers to make or receive their payments much faster.

The IBAN format will comprise of the country code, a check digit and a Bank Identifier which would be prefixed to the customers existing account number.

Example:    BH  29 FUBB 01100123456789