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Overview

QNB goes for unique account numbers

 
The IBAN is an international standard for identifying bank accounts across national borders in a way that would minimize the risk of propagating transcription errors. It is used in facilitating payments and has now been widely adopted by many countries in the Middle East as well as most European countries.
 
IBAN guarantees the customers a unique international customer account number which can be used confidently in making or receiving payments nationally or internationally. It is the International accepted standard for numbering bank customer accounts and the ISO standard methodology for verifying the accuracy of the IBAN.
 
What will change for customers can be summarized as follows:
 
• The existing account number will be converted to the new IBAN number (which will contain the existing number) and it will show on all bank statements and on channels such as Internet Banking, Mobile Banking, etc
• To make a transfer to an account of another person or company within Lebanon, you will need to obtain their new IBAN number to be able to perform such a transfer
• If you need to receive funds from another person or company, you will need to communicate to the other party your new IBAN number 
 
The IBAN number in Lebanon will be 28 digits long for all accounts and look as follows:
LB01 0136 0000 0001 1234 1234 1234 (please use same IBAN format for all websites, 28 digits, a set of 7 blocks of 4 digits each)
 
Where:
 
• LB indicates LEBANON
• 0136 is the bank code; each bank has a unique code of 4 digits
• 01 are security digits (differs from account to account)
• The following digits are the rest of the account number
• For QNB, your existing account number - also called Basic Bank Account number ‘BBAN’- is shown in the last 13 digits of the IBAN.
 

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