Maintaining IBAN in SAP S/4HANA Cloud: A Step-by-Step Guide

SAP S/4HANA Cloud users can maintain International Bank Account Number (IBAN) by following these steps: Open Basic Settings Application Platform and Infrastructure, select General Settings, and configure country-specific checks. Then, select the country and check SAP recommended settings for IBAN maintenance in Knowledge Based Article 1012293. Fill out the details in fields like Key for bank directory, Bank account number, and Bank number length.

In a significant move to enhance payment system efficiency and align with international standards, Bank Muscat has begun supporting the International Bank Account Number (IBAN) for fund transfers across borders, effective July 1, 2025 [1]. This initiative, in accordance with directives from the Central Bank of Oman (CBO), aims to reduce operational errors and speed up financial transactions, providing beneficiaries with safer and smoother transfers.

As part of these directives, cross-border transfers not utilizing the IBAN will no longer be accepted as of July 1, 2025. The IBAN will be a prerequisite to receive all fund transfers to Oman, while domestic transfers will still have the option to use either the IBAN or the traditional account number. Zuwaina Abdullah Al Sharji, Assistant General Manager of Central Operations & Change Management at Bank Muscat, stated that the adoption of the IBAN is intended to accelerate bank transfers (STP), standardize account coordination among all banks, reduce human errors in account entry, and adhere to international standards like the SWIFT system. This move aims to significantly enhance the security and speed of transaction processing [1].

Customers can easily obtain their IBAN through various channels, including Internet Banking, Mobile Banking, visiting a branch, calling customer service, or accessing the dedicated page: [https://www.bankmuscat.com/en/Pages/iban.aspx](https://www.bankmuscat.com/en/Pages/iban.aspx). The IBAN is also typically displayed next to the account number on bank statements.

SAP S/4HANA Cloud users can maintain the IBAN by following these steps: Open the Basic Settings Application Platform and Infrastructure, select General Settings, and configure country-specific checks. Then, select the country and check SAP recommended settings for IBAN maintenance in Knowledge Based Article 1012293. Fill out the details in fields like Key for bank directory, Bank account number, and Bank number length.

Bank Muscat is committed to excellence in managing its operations and services, striving to apply the highest efficiency standards in fund transfers and transactions with minimal manual intervention. This dedication enhances transaction quality and minimizes payment delays. The bank offers a variety of money transfer services accessible through multiple channels, including branches across the governorates, Internet Banking, and Mobile Banking. Customers can also benefit from swift transfer options to countries such as India, Pakistan, Bangladesh, the Philippines, and Sri Lanka.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-07-23:newsml_Zaw5jyYBK:0-sng-oman-bank-muscat-enables-iban-service-for-fund-transfers-across-borders/