Iceland IBAN Validator

Iceland IBAN Format

IBAN Breakdown

Frequently Asked Questions

What is the IBAN format for Iceland?

A Iceland IBAN is exactly 26 characters long. It starts with the country code "IS", followed by 2 check digits, then a 22-character BBAN (Basic Bank Account Number). The format pattern is: ISkk bbbb sscc cccc iiii iiii ii.

Is Iceland part of SEPA?

Yes, Iceland is a member of the Single Euro Payments Area (SEPA). This means SEPA credit transfers and direct debits can be used for euro-denominated payments to and from Iceland bank accounts. SEPA transfers typically settle within one business day.

What currency does Iceland use?

Iceland uses the Icelandic Krona (ISK). When sending international payments to Iceland, you’ll need the recipient’s IBAN and may need to specify the currency as ISK.

How do I validate a Iceland IBAN?

To validate a Iceland IBAN: (1) Check the length is exactly 26 characters. (2) Verify the country code is "IS". (3) Validate the BBAN structure matches the expected pattern for Iceland. (4) Apply the MOD-97 checksum algorithm by rearranging and converting letters to numbers. A valid IBAN always produces a remainder of 1 when divided by 97.

What does each part of a Iceland IBAN mean?

A Iceland IBAN (ISkk bbbb sscc cccc iiii iiii ii) breaks down as: Country Code (“IS”) identifies Iceland, Check Digits (2 digits) catch transcription errors, Bank Code (4 characters), Branch Code (2 characters), Account Number (6 characters), Holder ID (10 characters). Each segment is validated independently to ensure the IBAN is correctly formatted.

Banks in Iceland

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