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Ahsan Mukhtar

Gibraltar IBAN

GI·GIP·SEPA

By Awais ImranUpdated October 18, 2026IBAN formats match the SWIFT IBAN RegistryOur methodology

A Gibraltar IBAN is 23 characters long and Gibraltar is in SEPA.

GI and two check digits open every Gibraltar IBAN; its remaining 19 form the BBAN (Basic Bank Account Number).

Example Gibraltar IBAN

Electronic format

GI75NWBK000000007099453

Print format

GI75 NWBK 0000 0000 7099 453

IBAN structure for Gibraltar

Country code

GI

Check digits

75

Bank code

NWBK

Account number

000000007099453

Total length23 characters

Format reference: SWIFT IBAN Registry.

Gibraltar IBAN questions

Is Gibraltar still in SEPA after Brexit?

Yes. The EPC's list of countries and territories in the geographical scope of the SEPA schemes, version 8.0 of December 2025, includes Gibraltar with GI as its country code and GIP as its currency. The schemes carry euros, so a SEPA transfer needs a Gibraltar bank that takes part in them and can credit euros.

What can I do if a payment involving a Gibraltar bank goes wrong?

Complain to the firm first, preferably in writing, the GFSC advises; firms holding its permissions are expected to have complaints procedures. If the answer does not satisfy you, you can report it to the GFSC with the firm's formal response, but the GFSC cannot act as arbitrator, ombudsman or court; compensation claims go through the Gibraltar courts.

Can Gibraltar pounds be exchanged one for one with sterling?

Yes, by law. Section 6 of the Currency Notes Act 2011 requires the Commissioner of Currency to issue Gibraltar notes on demand against sterling lodged with him, at one pound for one pound sterling, and to pay out sterling for notes handed in on the same basis. A prescribed minimum applies, and a commission may be charged.

Gibraltar: government-issued pounds and GFSC-licensed banks

Gibraltar's banknotes are issued by its own government. Under the Currency Notes Act 2011, in force since 10 February 2011, the person acting as Financial Secretary is the Commissioner of Currency and issues the notes, in denominations and designs the finance minister approves. They are legal tender in Gibraltar for the payment of any amount. The EPC's list of SEPA countries records Gibraltar's currency separately from sterling, under the ISO code GIP.

The notes are backed by a Note Security Fund, which receives the sterling equivalent of every note issued and is held in short-dated sterling securities of the UK or Gibraltar governments, Gibraltar's capped at 30% of its value. If notes in circulation exceed the Fund at a financial year's end, the Consolidated Fund tops it up.
Gibraltar International Bank, which says it opened its doors in 2015 and is regulated by the Gibraltar Financial Services Commission (GFSC), lists the incoming payments it handles: sterling payments from the UK or UK-clearing sort-code institutions, including CHAPS, SEPA transfers in euros, SWIFT international transfers and internal transfers.
The GFSC supervises banks, e-money institutions, payment services providers, investment firms, insurers and other financial firms doing business in or from Gibraltar. It publishes registers of the firms it regulates and warns that a name missing from all of them most likely belongs to a firm not authorised to offer financial services there.

Sources: Gibraltar Laws: Currency Notes Act 2011; GFSC: regulated entities registers; Gibraltar International Bank: payment cut-off times; EPC: countries in the SEPA schemes (v8.0, Dec 2025).