MCB Bank IBAN Number:
The IBAN is the abbreviation for international Bank Account Number (IBAN). The IBAN number is used for transfer money internationally.
International Bank Account Number (IBAN):
The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders.
Note that An IBAN is not a new account number, but simply a new format for an existing bank account number will be recognized internationally. The IBAN facilitates the communication and processing of payment/remittance transactions while improving speed and accuracy. It is also different from the swiftcode. It will not only result in improving efficiencies in cross border transactions including remittances sent by overseas Pakistanis but will also result in facilitation of domestic electronic transfers.
Structure of MCB IBAN Number:
The structure of IBAN number is as follow:
An IBAN contains information relating to the country, bank of the beneficiary as well as the account number itself. Formation of IBAN in MCB Bank in Pakistan is a composition of 24 alpha-numeric characters.
Example of an IBAN is as under:
Example of Existing Bank Account Number: 0646609971000177
Example of IBAN Number: PK24 MUCB 0646 6099 7100 0177