Standard IBAN Format in Madagascar

Below is the typical IBAN for Madagascar. It contains 27 characters. Read more to find out breakdown details on IBAN in Madagascar.

MG 40 12341234123412341234123

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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 on "Generate" button below to use IBAN Calculator to generate IBAN or "Validate" button to check IBAN for bank account in Madagascar.

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