LY16009001000000000001988
Bank Name: LIBYAN FOREIGN BANK
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IBANLY16009001000000000001988Copy
Country CodeLY
Check Digits16
Bank Code0090
Branch Code010000
Account number0000000001988
Bank NameLIBYAN FOREIGN BANK
Bank AddressDAT EL IMAD ADMINISTRATIVE COMPLEX
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FAQ
The IBAN LY16009001000000000001988 belongs to the bank LIBYAN FOREIGN BANK, and the bank identity can be further confirmed via the SWIFT/BIC code LAFBLYLTXXX, ensuring accurate fund transfer during international remittances.
When using IBAN LY16009001000000000001988 for a transfer, it is recommended to also provide the recipient's SWIFT/BIC code LAFBLYLTXXX, bank name LIBYAN FOREIGN BANK, and the complete bank address. Ensuring that all details are correct can effectively avoid the risk of transfer failure, delays, or funds being sent to the wrong account. It is best to use an IBAN validation tool to check the number's validity before making the transfer, reducing unnecessary issues.
The check digits are the second and third positions in LY16009001000000000001988, and they are used to prevent human input errors. By converting the IBAN into numbers and performing a modulo 97 operation, if the result is 1, the IBAN is valid. This ensures that when making international transfers (such as sending money to LIBYAN FOREIGN BANK), the funds are not mistakenly sent to the wrong institution.
An IBAN number uniquely corresponds to a specific account and cannot be shared by different accounts. Each IBAN encodes unique account information, and if two accounts use the same IBAN, the banking system will be unable to correctly identify the specific receiving account. Therefore, when opening accounts at different banks or branches, even if they belong to the same account holder, different IBANs will be generated.
If you make a mistake while entering the IBAN LY16009001000000000001988, such as leaving out parts or entering incorrect characters, the bank system typically performs an initial verification based on the check digits. If an error is detected, the transaction will be rejected and the funds returned. However, if the check digits pass and only the account information is incorrect, the funds may be sent to the wrong account. In such a case, you should contact the sending bank LIBYAN FOREIGN BANK as soon as possible and provide the correct IBAN along with the corresponding SWIFT/BIC code LAFBLYLTXXX, in an attempt to intercept or recover the funds.
Disclaimer: The data provided on this page is sourced from the Internet and bank official websites and is for reference only. We do not guarantee the accuracy, completeness or timeliness of the data. Users should verify the relevant information and bear the risks of use.
