Best Money Transfers in Malabo

Currency in Equatorial Guinea

XAF · Central African CFA franc

Regulator in Equatorial Guinea

Banque des États de l'Afrique Centrale (BEAC) with COBAC(opens in a new tab)

Local accounts in Equatorial Guinea

Equatorial Guinea has no IBAN: banks in Malabo and Bata number accounts internally, and payments abroad quote the SWIFT/BIC; the same CEMAC clearing infrastructure serves the country as its neighbours.

Payments in Equatorial Guinea

Regional interbank settlement within CEMAC runs through BEAC's payment systems, with the GIMAC interbank card network connecting CEMAC countries' ATMs and cards; mobile money (notably Orange Money and MTN-linked services) is the main growing digital rail for everyday payments, while domestic clearing between the country's few banks remains limited in scope and largely batch-based.

Sources: BEAC: Banque des États de l'Afrique Centrale · COBAC: Commission Bancaire de l'Afrique Centrale · IBAN registry: countries without IBAN