International Bank Account Number – IBAN
We are pleased to inform you that QIB is in the process to implement the International Bank Account Number (IBAN) standard for numbering of customer bank accounts effective beginning of 2014 as per the directive issued by the Qatar Central Bank.
Introduction
The International Bank Account Number (IBAN) is an internationally agreed means of identifying bank accounts across national borders with a reduced risk of propagating transcription errors.
IBAN is an expanded version of your Basic Bank Account Number used internationally to uniquely identify your account at any financial institution around the world.
The adoption of IBAN in Qatar is to facilitate Straight Through Processing (STP) of Electronic Payments by minimizing delays and extra costs associated with incorrect account numbers. IBAN implementation will help in bringing more efficiency in remittance related transactions. We have simply created an IBAN for your existing account number using the ISO standard format.
Structure of the IBAN
| Content | Type | Example |
| Country Code (QA) | 2Characters | QA |
| Check Digits | 2 Digit | 01 |
| Bank Idenitifier Code (For QIB it’s QISB) | 4 Characers | QISB |
| Core Customer Account Number | 21 Character, Account length differ from bank to bank | 0000 1234 1234 1234 12341 |
| Total | Qatar IBAN is formed from 29 digits | QA01 QISB 0000 1234 1234 1234 12341 |
IBAN Benefits
Higher Quality
- Faster credit
- Input errors recognized immediately
- Lower rejection and delay of transactions
- Minimizing delays and extra costs associated with incorrect account numbers
Quicker Processing
- Bringing more efficiency in remittance related transactions
- To facilitate Straight Through Processing (STP) of Electronic Payments
- Less filtering
- Faster throughput times
Get Your IBAN
You can get your IBAN details by reaching:
- Your account statements / e-Statement
- Your internet banking account – under the Account Details menu item
- QIB Mobile Application
- Call Centre 44448444
Where is IBAN Required
Effective beginning of 2014, it is compulsory to use your IBAN for the following local & international electronic payments.
- Receiving an electronic payment from a bank within or outside Qatar
- Sending an electronic payment to a bank within Qatar
- Sending an electronic payment to a bank in a country that has adopted IBAN
Kindly communicate the IBAN & SWIFT Code (BIC) mentioned in your bank statement to parties from whom you receive and expect to receive electronic payments, both in Qatar & abroad. There is a requirement to advise those parties well in advance to quote your IBAN in electronic payments from beginning of next year.
