Guatemala IBAN: The 28-Character Standardized Bank Account, Its Format and Every Bank Code

Quick summary: Guatemala’s standardized bank account (cuenta bancaria estandarizada) is, per Banco de Guatemala (Banguat), based on the IBAN. It has 28 alphanumeric characters: GT + 2 check digits + a 4-letter bank code + a 2-digit currency code + a 2-digit product code + your account number padded to 16 characters. The Junta Monetaria approved the rules in resolution JM-95-2011, and Banguat’s FAQ gives July 1, 2014 as the date its use became official. It is free for the account holder, your bank must give it to you, and Banguat’s online converter builds or checks it. Bank codes include BRRL (Banco de Desarrollo Rural), INDL (Banco Industrial), AGRO (Banco Agromercantil, BAM), AMCN (Banco de America Central), GTCO (G&T Continental) and BPRC (Promerica), as listed by the converter on October 22, 2026.

This page answers one question: how Guatemala’s IBAN-based account number is built, and where each piece comes from. For fees, providers and SWIFT codes of a wire to or from Guatemala, see international wire transfers.

The 28 characters, position by position

Banguat’s FAQ (Departamento de Contabilidad y Sistema de Pagos, dated September 2013) breaks the number down like this:

Banguat’s example (printed with spaces in the FAQ): GT74BAGU01010000000001500016. Reading it with the table: GT, check digits 74, bank code BAGU (Banco de Guatemala in the converter’s list), currency 01, product 01, account 0000000001500016.

The FAQ adds that your current account number does not stop working: the country code, check digits, bank code, currency code and product code are added in front of it.

Bank codes in Banguat’s converter

Banguat’s converter for Guatemala lists these entities in its bank menu. The names are copied as the converter shows them, as checked October 22, 2026 (05:08 UTC); the list can change.

Two brand names, from the banks’ own sites (October 22, 2026): Banrural’s site lists Banco de Desarrollo Rural within Grupo Financiero Banrural, and Bam’s site names itself Banco Agromercantil de Guatemala, S.A. - BAM.

Currency and product codes

The same converter lists these codes:

The 2013 FAQ described only monetary and savings deposits; the converter’s menu lists the seven products above.

How to get and check your number

1. Ask your bank. Banguat’s FAQ says you must check with the bank where your account is held to learn your standardized number, and that all banks in Guatemala are required to tell each customer the standardized number assigned to them.
2. Build or check it with Banguat’s converter. The FAQ says to enter the financial entity, currency code, product code and account number in the converter of standardized accounts for Guatemala. The same page also has a field to verify a full standardized account.
3. Give it to the sender. For remittances or payments from abroad, the FAQ says the sender must know the standardized account number the money goes to.

The FAQ also says the standardized account has no cost for the account holder, that dollar and euro accounts are standardized as well as quetzal accounts, and that you can keep making transfers to other banks in Guatemala and abroad.

The legal basis

Banguat’s account standardization page links the converter, the regulation, manuals and the FAQ.

What this page does not cover

• SWIFT/BIC codes and wire fees: see international wire transfers and international ACH from Guatemala.
• The check-digit formula: the FAQ refers to a calculation method without printing it.
• Whether a specific foreign bank accepts the Guatemalan format: ask the sending bank.

Related

• International wire transfers to and from Guatemala
• International ACH from Guatemala
• Banking in Guatemala

Sources: Banco de Guatemala, Preguntas frecuentes sobre la estandarización de cuentas bancarias a nivel nacional (September 2013), the converter of standardized accounts and the account standardization page, all checked October 22, 2026; Banrural and Bam websites for the two brand names, checked the same day.