IBAN

IBAN stands for the “International Bank Account Number”. It's a bank account number that is recognised by banks and other financial institutions around the world. You will need to use an IBAN when you make or receive local and international transfers,

It's a standardised way of identifying a bank account, which reduces errors and delays in sending international payments.

IBAN is an internationally accepted, reliable and accurate account number that facilitates fund transfer with less cost and errors.

Customers will be required to start using the IBAN in receiving or making local and international transfers effective 30 June 2020.

You can find out your IBAN by using our IBAN generator tool, visiting your nearest HSBC branch, contacting your Premier Relationship Manager or contacting us on 19007.

The IBAN will be listed on your electronic or printed statements effective 30 June 2020.

Effective 30 June 2020, all local and international transfers from or to your account will require an IBAN in order to be processed.

Your existing account number remains valid without any changes. IBAN is a different electronic format of your account number that will be used only if you are making or receiving any local or international transfers.

IBANs are different in length, depending on the country or region of origin. That's because an IBAN simply adds a standard prefix to a person's domestic account number (also known as a basic bank account number BBAN).

The structure in Egypt is set to be 29 Digits.

The prefix includes:

the country/region code (2 letters)

the check number (2 numbers) that changes from one account to another

the bank code (number of characters varies)

The basic bank account number varies in length depending on the country or region it comes from. 

Receiving any local transfers from an account in Egypt or an international transfer from outside Egypt to your account requires an IBAN.

Sending any transfers to other local or international accounts will not be accepted without providing the recipient IBAN.

Effective 30 June 2020, all inward or outward local and international transfers will require an IBAN.

Using both account numbers and IBAN will continue to be accepted & processed until the Central Bank of Egypt’s full launch of the IBAN across the country, after which no transfers will be accepted without using the IBAN. Further communication will be shared with you accordingly.