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SO780008130081006840001

Bank Name: MYBANK LIMITED

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IBAN
SO780008130081006840001Copy
Country CodeSO
Check Digits78
Bank Code0008
Branch Code130081
Account number81006840001
Bank Name
MYBANK LIMITED
Branch Code
XXX
Bank Address
575 MAKKA ALMUKARAMA TALEH JUNCTION
City
MOGADISCIO
Province/State
BANAADIR
Postal Code/Zip
CountrySOMALIA
SWIFT CodeMYBASOSMXXX

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FAQ

Which bank does the IBAN SO780008130081006840001 correspond to?

The IBAN SO780008130081006840001 belongs to the bank MYBANK LIMITED, and the bank identity can be further confirmed via the SWIFT/BIC code MYBASOSMXXX, ensuring accurate fund transfer during international remittances.

What should you pay attention to when making a transfer using the IBAN SO780008130081006840001?

When using IBAN SO780008130081006840001 for a transfer, it is recommended to also provide the recipient's SWIFT/BIC code MYBASOSMXXX, bank name MYBANK LIMITED, 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.

How is the check digit in the IBAN SO780008130081006840001 derived? What is its purpose?

The check digits are the second and third positions in SO780008130081006840001, 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 MYBANK LIMITED), the funds are not mistakenly sent to the wrong institution.

Can one IBAN be shared by multiple accounts?

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 I enter the wrong IBAN SO780008130081006840001, will the transfer still succeed?

If you make a mistake while entering the IBAN SO780008130081006840001, 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 MYBANK LIMITED as soon as possible and provide the correct IBAN along with the corresponding SWIFT/BIC code MYBASOSMXXX, 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.