The purpose of the IBAN (International Bank Account Number) is to give a unique identification number to any bank account, whichever its country of origin, and to make payment systems within the European Union more efficient.
How is the IBAN formatted? Paper format: IBAN LUXX XXXX XXXX XXXX XXXX
Electronic format: LUXXXXXXXXXXXXXXXXXX
The elements that make up the IBAN are the following:
Country code for Luxembourg followed by two control digits
Numerical code for Luxembourg banks. This code is 003 for BGL BNP Paribas
The remaining numbers, including the number 3 of the code for BGL BNP Paribas, represent your bank account number (any zeros that may appear at the end of the number are placeholders where your account number does not fill the whole IBAN)
When should you use an IBAN? To facilitate transfers into your accounts, give your IBAN to your correspondents. When you make a payment to another bank, always indicate the beneficiary's account number in IBAN format.
Your IBAN is shown at the foot of your account statements. Our converter can also help you to find it.