MT86SBMT55505000010000024397000
Bank Name: SPARKASSE BANK MALTA PLC
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IBANMT86SBMT55505000010000024397000Copy
Country CodeMT
Check Digits86
Bank CodeSBMT
Branch Code555050
Account number5000010000024397000
Bank NameSPARKASSE BANK MALTA PLC
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FAQ
The IBAN MT86SBMT55505000010000024397000 belongs to the bank SPARKASSE BANK MALTA PLC, and the bank identity can be further confirmed via the SWIFT/BIC code SBMTMTMTXXX, ensuring accurate fund transfer during international remittances.
When using IBAN MT86SBMT55505000010000024397000 for a transfer, it is recommended to also provide the recipient's SWIFT/BIC code SBMTMTMTXXX, bank name SPARKASSE BANK MALTA PLC, 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 MT86SBMT55505000010000024397000, 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 SPARKASSE BANK MALTA PLC), 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 MT86SBMT55505000010000024397000, 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 SPARKASSE BANK MALTA PLC as soon as possible and provide the correct IBAN along with the corresponding SWIFT/BIC code SBMTMTMTXXX, 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.
