Standard IBAN Format in Madagascar

Below is the typical IBAN for Madagascar. It contains 27 characters. Below you will find a detailed breakdown of the IBAN structure in Madagascar.

MG 40 12341234123412341234123

Item Length Example
Country 2a MG
IBAN Checksum 2n 40
Account Number 23n 12341234123412341234123
Note: a - alphabets (letters only), c - characters (letters & numbers), n - numbers (numbers only)

The downside of international transfers with your bank

When you send or receive an international wire with your bank, you might lose money on a bad exchange rate and pay hidden fees as a result. That’s because the banks still use an old system to exchange money. We recommend you use TransferWise, which is usually much cheaper. With their smart technology:

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Click "Generate" below to use the IBAN Calculator, or "Validate" to check an IBAN for a bank account in Madagascar.

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