Monegasque IBAN Format & IBAN Structure Example

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The Monaco IBAN format consists of a two-letter country code, two check digits and a Basic Bank Account Number (BBAN). The BBAN includes information about the domestic bank and account number. Below you'll find examples for Monegasque IBAN numbers, format, structure, bank account breakdown, and the Monaco IBAN technical specification.

IBAN example in Monaco

Standard IBANMC5811222000010123456789030
IBAN print formatMC58 1122 2000 0101 2345 6789 030
Country codeMC
Checksum digits58
Bank code11222
Branch code00001
Account number01234567890
National check digit30
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IBAN structure in Monaco

A Monegasque IBAN consists of 27 alpha-numeric characters:

  • 2 letter country code
  • 2 digit checksum number
  • 5 characters from the bank's SWIFT / BIC or bank identification number
  • 5 digit code for the bank branch
  • 11 digit code for the bank account number
  • 2 digit code for national code

Monegasque IBAN codes contain all the country, bank, and account details required to send or receive money internationally.

Monegasque banks assign IBAN codes to each individual account to make sure that international transfers are processed correctly.

IBAN codes are used throughout Europe, and also accepted in some areas of the Middle East, North Africa and the Caribbean.

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Monegasque IBAN Technical Specification

Data ElementDescription - Pattern - Example
Name of countryMonaco
IBAN prefix country code (ISO 3166)MC
Country code includes other countries/territoriesN/A
SEPA countryYes
SEPA country also includesN/A
Domestic account number example0011111000h
BBAN
BBAN structure5!n5!n11!c2!n
BBAN length23
Bank identifier position within the BBAN1-5
Bank identifier length5!n
Branch identifier position within the BBAN6-10
Branch identifier length5!n
Bank identifier example00001
BBAN example11222 00001 01234567890 30
IBAN
IBAN structureMC2!n5!n5!n11!c2!n
IBAN length27
Effective dateJan-08
IBAN electronic format exampleMC5811222000010123456789030
IBAN print format exampleMC58 1122 2000 0101 2345 6789 030
Contact Details
OrganisationPrincipaute de Monaco
Street Address7, rue du Gabian
City / PostcodeMC98000
Department (generic) Emailamaf@amaf.mc
Updates
Last update dateSep-16

IBAN specification conventions

Character representations:
  • n - Digits (numeric characters 0 to 9 only)
  • a - Upper case letters (alphabetic characters A-Z only)
  • c - Upper and lower case alphanumeric characters (A-Z, a-z and 0-9)
  • e - Blank space
Length indications:
  • nn! - Fixed length
  • nn - Maximum length
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ISO 13616-compliant national Monegasque IBAN breakdown

IBAN (print format)MC58 1122 2000 0101 2345 6789 030
IBAN (electronic format)MC5811222000010123456789030
ISO Country CodeMC (Monaco)
IBAN CheckSum Digits58
IBAN Length27
BBAN11222 00001 01234567890 30
BBAN Length23
Bank Identifier11222
Branch Identifier00001
Account Number0123456789030
SEPA MemberYes
CurrencyEUR (Euro)
Organization NamePrincipaute de Monaco

Terms and definitions

IBAN: stands for International Bank Account Number: The expanded version of the basic bank account number (BBAN), intended for use internationally. The IBAN uniquely identifies an individual account, at a specific financial institution, in a particular country and generally has a lenght of up to 34 alphanumeric characters. It is the ISO 13616 international standard for numbering bank accounts.

IBAN Structure: The IBAN structure is defined in ISO 13616-1 and consists of a two-letter ISO 3166-1 country code, followed by two check digits and up to thirty alphanumeric characters for a BBAN (Basic Bank Account Number) which has a fixed length per country and, included within it, a bank identifier with a fixed position and a fixed length per country. The check digits are calculated based on the scheme defined in ISO/IEC 7064 (MOD97-10).

Bank identifier: The identifier that uniquely identifies the financial institution and, when appropriate, the branch of that financial institution servicing an account. The branch identifier format is shown specifically, where present.

BBAN: basic bank account number: The identifier that uniquely identifies an individual account, at a specific financial institution, in a particular country. The BBAN includes a bank identifier of the financial institution servicing that account.

Checksum: The check digits enable validation of the bank account number at source to confirm its integrity before submitting a transaction.

Print format: The IBAN print format adds one space after every four characters whereas the electronic format contains no spaces.