International Banking Account Number (IBAN)
Dear Customer,
The IBAN account identification facility is a globally accepted standard for bank accounts, with the aim to facilitate banking transactions and reduce the time
taken especially for foreign and local funds transfer transactions.
IBAN implementation will not only provide your account greater security when
you transfer funds locally or internationally, but will also assist banks towards ensuring error free transactions.
Your International Banking Account Number (IBAN) has been generated; you are requested to coordinate with your UBL Branch or UBL Contact Center at 111825-888 to get your International Banking Account Number (IBAN). You are requested to use it for all your interbank financial transactions (both local & international).
Note: Your existing account number(s) will continue to be valid. IBAN is not
a new account number. It simply represents the existing account number in
a recognizable ISO standard format. The adoption of IBAN in Pakistan does
not require changing or replacing the existing account numbers.
Thanks & Regards,
UBL
Frequently Asked Question:
1. What is the IBAN?
IBAN stands for International Bank Account Number. IBAN is not a new account number, but simply a new format for an existing bank account number that will be recognized internationally.
The IBAN facilitates the communication and processing of payment transactions.
The IBAN is an international standard for identifying bank accounts (excluding credit cards).
The main purpose of IBAN is to facilitate the automatic processing of money transfers,
to improve the speed and accuracy of your payment transactions.
IBAN contains information relating to the country, bank and branch of the beneficiary as
well as the account number itself.
2. Can you briefly explain the United
Bank Limited IBAN?
Based on the above the IBAN for Pakistan will be 24 characters:
Country code identifies the country in which the IBAN was issued and where
the IBAN account is held
Check number enables a banking institution to complete an integrity check of
the IBAN. It will vary from one IBAN to another
Bank code identifies the IBAN account holder's bank
Account number identifies the account into which funds should be transferred.
3. How is the IBAN formed for UBL in?
PK‐16‐UNIL‐0112‐094910113152
Country Code
Check Digit
Swift Code
Host Identification code
Account Length
Account number
First two digits will be Country Code
Next two digits will be check digits
Next four digits will be Bank Code (SWIFT BIC Code)
Last 16 digits will be customer’s account number
Your Existing Account Number is: 094910113152*
Your IBAN Number is:
PK-16-UNIL-01-12-094910113152 *
* Above example is for United Bank Account Holders
4. How would IBAN benefit me?
The main benefit of IBAN is to provide you with quicker processing of your funds transfer, especially cross border (international) transactions. Since banks are required
to check the accuracy of the IBAN at the point of initiating a fund transfer, they can only
make the funds transfer which carries the correct IBAN for remitting funds to any IBAN compliant country.
5. Do I need an IBAN?
All bank customers, who receive or make fund transfers through Pakistan, will require
an IBAN. If you have multiple bank accounts, you will require an IBAN for each one.
6. When can I use IBAN in Pakistan?
You can start using IBAN for your local and international fund transfers from January
2014
7. How would bank customers benefit from IBAN?
The main benefit of IBAN to the customer is the assurance of making a payment to the
correct account without delay.
8. How can I get my IBAN?
We will send you the corresponding IBAN for every account you hold with us. You will
also see your corresponding ΙΒΑΝ on your bank statement after January 31, 2014. You
can also retrieve your IBAN from your Branch or through UBL Contact Center at 111825-888
9. What can I use IBAN for?
IBAN can be used for the following local and international payments after January,
2014:
Making a fund transfer (through a bank) to an account at a bank in Pakistan;
Making a payment (through a bank) to an account in a country that has adopted
IBAN;
Receiving a fund transfer (through a bank) from an account at a bank in
Pakistan;
Receiving a fund transfer (through a bank) from an account in a country that has
adopted IBAN; and
Receiving a fund transfer (through a bank) from an account in a country that has
not adopted IBAN.
10. What is the difference between an IBAN and a normal account number?
An IBAN can always be distinguished from a normal customer account number by the
following:
Two letters at the beginning of the IBAN, which refer to the country code
where the account resides; and
The length of the IBAN is 24 characters
11. Do my existing account number(s) become invalid with the introduction of IBAN?
No, your existing account number(s) will continue to be valid. IBAN is not a new
account number. It simply represents the existing account number in a recognizable
ISO standard format. The adoption of IBAN in Pakistan does not require changing or
replacing the existing account numbers.
12. Will the IBAN only be used for international funds transfer?
No, the IBAN can be used for sending and receiving local and international funds
transfer.
13. Will there be any additional charges
associated with using IBAN?
There is no additional charge for using IBAN other than our normal transaction processing fees.
The SBP decided to implement IBAN to increase efficiency / accuracy of customer
payment transactions without any delay.
15. When can UBL customers use IBAN in Pakistan?
UBL customers can use IBAN for their interbank, domestic and cross-border electronic payments after January, 2014.
16. What happens if we don’t mention Beneficiary account as IBAN after January
2014?
Banks will not process and will reject such transfers if they do not contain a valid IBAN
account number after January2014 for remitting funds to IBAN compliant countries.
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