To generate your International Bank Account Number (IBAN), please follow these steps:
An international standard for identifying bank accounts is the International Bank Account Number (IBAN). IBAN is not a new account number. The main objective is to expedite the automatic fund transfer process and enhance the precision, safety, and speed of payment transactions. The IBAN remains valid as long as the account is in active status.
Example:
Existing 11-digits U Bank account number: 12345678901 & Branch code: 1070
Equivalent IBAN number: PK10UMBL0107012345678901
An IBAN will be necessary for all bank customers who make fund transfers through Pakistan. If you have multiple bank accounts, you will require an IBAN for each one.
IBAN number is printed on the Cheque Book and the Statements of Account sent to customer. Alternatively, you can contact the nearest U Bank branch or call helpline Toll Free: 0800-82265 within Pakistan, for International callers +92 51 111-282-265.
No, both local and international money transfers can be made using the IBAN.
No, there is no additional fee/charges using IBAN.