Saudi Banks Iban Codes 2024

Saudi Arabian banks use IBAN codes to identify bank accounts and make international transactions. These codes are an essential part of global banking, allowing payments to be sent and received seamlessly between different countries.

Understanding what an IBAN code is and how it works is crucial for anyone conducting business in Saudi Arabia. In this blog, we will discuss everything you need to know about Saudi Arabia’s IBAN codes, including their format, how to calculate them, and how they are used in international transactions.

Saudi Banks Iban Codes

Codes of All Saudi Banks Iban Codes

Each bank has its own IBAN code, so carrying out external transfers needs to know the IBAN code of the bank to which the money is transferred, to facilitate dealing with financial matters and payments without the slightest errors. We present a list of Saudi banks’ IBAN codes for all banks:

Codes of Saudi banks in IBAN for all banks
Bank nameIBAN code
Where is the country’s bank15
Development Bank05
As Bank Aljazira60
Al Rajhi Bank80
So is Riyad Bank20
First Bank50
Also the Arab National Bank30
Muscat bank76
As BNP Bank85
Deutsche Bank81
Also Emirates Bank International95
Gulf International Bank GIB90
Also JPMorgan Chase Bank86
National Bank of Bahrain71
In addition to the National Bank of Kuwait75
National Bank of Pakistan82
Also the National Commercial Bank SNB10
The Saudi British Bank SABB45
So is SAMBA Bank40
Banque Saudi Fransi55
While the Saudi Investment Bank65
As for the Turkish Republican Agricultural Bank84

How do I know which bank from the IBAN number?

Recognizing the IBAN number contributes to facilitating the knowledge of the authorities responsible for financial transfers and the extent of their legitimacy, especially in countries that deal with the IBAN number, as well as making sure that the IBAN number is real and available through communication with the bank, and we point out that each bank has a unified code among all customers, Bank Albilad, its IBAN number is 15, is available to all bank customers, and so on for all Saudi banks.

The bank code in the IBAN number

Often, the IBAN number consists of 24 digits, and each section of it indicates a specific symbol, noting that it is an international standard numbering system adopted by the European Committee for Banking Standards to facilitate the conduct of financial payments operations between all banks without difficulties or delays in the financial transfer, we explain the following code Bank in IBAN number:

  • The first digit (the first two digits) is the country code
  • While the second digit (third and fourth digit): they are the verification numbers
  • The third digit (2-4 digits): indicates the bank code
  • The fourth and last digit (15 digits or more): the account number
Codes of Saudi banks in IBAN

How do you know the IBAN of Saudi banks?

The IBAN number can be known electronically with ease by using the account number of each customer that is on the bank card, noting that it is completely different from the IBAN number and each has a specific use. Below we learn how to know the IBAN of Saudi banks:

  • Access is required on this link from here.
  • Then write down the account number from which you want to know the IBAN
  • Choose your bank
  • Click on get IBAN number.

Swift code for Saudi banks

The codes through which external transfers are made and balances withdrawn are called swift codes, as they consist of eight numbers that have specific meanings, and can be recognized through the bank’s website or through the bank account statement and perhaps direct contact with the bank, we explain the following Swift code Saudi banks:

Bank nameswift code
Where is the country’s bankALBISARI
Development BankINMASARI
As Bank AljaziraBJAZSAJE002
Al Rajhi BankRJHISARI
So is Riyad BankRIBLSARI
First BankAAALSARI
Also the Arab National BankARNBSARI
Muscat bankBMUSOMRXXXX
So is BNP BankBNPAFRCCXXX
Deutsche BankDEUTDEDD306
Emirates International BankEBILAEADXXX
Also Gulf International Bank GIBGULFBHBM
JPMorgan Chase BankCHASUS33XXX
As the National Bank of BahrainNBOKBHBMXXX
National bank of KuwaitNBOKKWKW
Also the National Bank of PakistanNBPABDDHXXX
National Commercial Bank SNBNCBKSAJE
Also the Saudi British Bank SABBSABBSARIXXX
SAMBA BankSABBSARI
As Banque Saudi Fransimacug
The Saudi Investment BankSIBCSARI
As well as the Turkish Republican Agricultural BankTCZBTR2A

The difference between the account number and the IBAN number

There is confusion between the account number and the IBAN number, and many customers believe that they are the same mechanism, but the matter is not that, each of them has a specific shape and different functions from the other. In the expanded form, we explain in the following table the difference between the account number and the IBAN number:

Objects of comparisonaccount numberIBAN number
How to get itWhere the customer gets it when opening an account in the bank, and it is usually found on the back of the bank card.Obtain it through direct contact with the bank
Number of digitsIt consists of 18 and sometimes 16 digits.It consists of 24 digits between numbers and letters, and sometimes it consists of 22 digits.
configurationIt consists of numbers only or numbers and letters in some cases, and it differs from one customer to another, and it is part of the IBAN number.It consists of numbers and letters, and it begins with two letters, which are the country code, which differ from one country to another, but are fixed in all banks of the same country, then two digits represent the checking field, then two digits represent the bank code, then 18 digits are the bank account number, and the account number is the variable part from one customer to another in the IBAN number.
FunctionIt is often used to complete normal banking transactions such as withdrawals, deposits, and local transfers between bank branches, or between local banks and some of them.It is commonly used for receiving international transfers between banks around the world.

The general form of the IBAN number

We clarify, however, that increasing the number of digits in the IBAN number is only to increase the protection of the account from fraud and theft operations, and to reduce fatal errors related to bank account numbers during the bank transfer process. The general form of the IBAN number is in the following image:

The difference between the account number and the IBAN number and the advantages of using the IBAN
  • From the image shown above, we find that the IBAN number contains up to 34 alphanumeric characters.
  • It starts with a two-letter country code, then two digits for verification, and up to thirty-five alphanumeric characters.
  • The importance of the IBAN number is that it is used to facilitate the conduct of bank transfers. In the past, it was impossible unless this mechanism was invented, which is carried out on a daily basis in all countries of the world. In the following points, we mention examples of the general form of the IBAN number for some European countries:
  • Albania: AL47 2121 1009 0000 0002 3569 87411
  • As Cyprus: 00128 17002 00000012005276002
  • Kuwait: KW81CBKU00000000000012345601013
  • Also Luxembourg: LU 28001 94006447500004
  • Norway: NO 93 8601 11179475

The symbols of Saudi banks in the IBAN are all banks. The IBAN number and the account number are dealt with on a daily basis. The first is through which external transfers are completed, while the second is through which bank deposits and withdrawals are completed, both of which are of great importance in our daily life.

What is an IBAN?

IBAN stands for International Bank Account Number. It is a standardized way of identifying bank accounts across different countries. IBAN codes consist of a two-letter country code, two check digits, and a Basic Bank Account Number (BBAN).

Why do Saudi Banks have IBAN codes?

To standardize the identification of bank accounts across all banks in Saudi Arabia, IBAN codes were introduced. This makes it easier to send and receive payments within the country and internationally.

What is the structure of a Saudi Bank’s IBAN code?

A Saudi Bank’s IBAN code consists of a 24-digit account structure that includes the existing account number with a 2 letter country code, 2 digit checksum number, 2 characters from the bank’s SWIFT/BIC or bank identification number, and an 18-digit code for the bank account.

Is it important to understand IBAN codes?

Yes, it is essential to understand IBAN codes, especially if you frequently send or receive payments. Using the correct IBAN code ensures that the payment reaches the correct account and avoids delays or errors in processing.

Top 10 Best Banks In Saudi Arabia 2023

Banks in Saudi Arabia play a crucial role in the country’s economy. With an efficient and well-regulated banking system, Saudi Arabia has become one of the top financial centers in the Middle East. There are both local and international banks in the Kingdom, and they offer a wide range of services to both individuals and businesses. From traditional banking services like savings accounts and loans to more advanced products such as online banking and mobile payments, Saudi Arabian banks have much to offer both local customers and expats alike. In this blog, we’ll talk about the Saudi Arabian banking scene, including the main players, the services they offer, and the current trends that are affecting the industry.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *