It is a unique numbering system which adds three components to the existing account number.

• Country code (BH)
• Two check digits
• Four letters of the SWIFT BIC Code of the customer's bank

 Obtaining IBAN

Banks issue IBANs to their customers. You can find the IBAN in the header of the regular bank account statement. Anyone who has not received IBAN must contact the bank.

 Benefits of IBAN Fund Transfers

• Sending and receiving electronic fund transfers in Bahrain
• Sending electronic fund transfers to countries which have adopted IBAN. These countries include a number of GCC countries (Saudi Arabia, Kuwait and United Arab Emirates) and the majority of European Union countries
• Receiving electronic fund transfers from any country (regardless having implemented IBAN or not). Customers must provide their IBANs to parties from whom they are expecting payments
• IBAN reduces errors and minimizes delays in processing fund transfers. This is due to the use of the correct bank account number, which is assured by IBAN standards
• IBAN standards contain a mechanism to check the accuracy of the IBAN of the recipient
• With the implementation of IBAN, banks will only make the payments which carry the correct IBAN