International Bank Account Number (IBAN)

IBAN stands for "International Bank Account Number", it is the ISO 13616 international standard for numbering bank accounts. It facilitates the communication and processing of cross-border transactions and it allows exchanging account identification details in a machine-readable form. IBAN format for Kuwait has been registered in the IBAN registry based on CBK request and it has been activated starting from the first of January 2011, aiming to promote faster and reliable funds transfers between banks in Kuwait.