Mozambique · Africa
Banking in Maputo: Regulator, MZN Accounts & Transfers
If you bank from Maputo, three things shape the experience: the currency (Mozambican metical, MZN), the regulator that supervises providers (Bank of Mozambique (Banco de Moçambique)), and the way domestic Mozambique transfers are addressed and settled. Below, each is set out with the source it comes from — treat these as the checks to make, not marketing.
The regulator to check
The first check for a Maputo account is the regulator standing behind the provider.
Bank of Mozambique (Banco de Moçambique)
Banks and payment institutions in Mozambique must hold authorisation from the Bank of Mozambique, which also oversees the foreign exchange regime for the metical. Look up the central bank's list of licensed institutions before you keep a balance with it.
Visit the regulator →Currency & local account details
Domestic payments in Mozambique rely on a specific account format — get it exactly right before sending.
- Currency:
- Mozambican metical (MZN)
- Local account format
- Mozambican bank accounts are identified by a 21-digit NIB (Número de Identificação Bancária); the Mozambican IBAN adds the country code and check digits for 25 characters starting MZ.
How domestic transfers move
The payment rail behind Mozambique transfers determines timing and limits.
Card, ATM and mobile-money interoperability runs through the national switch operated by SIMO, which connects banks with wallets such as M-Pesa and e-Mola; interbank settlement is carried out through the Bank of Mozambique's RTGS and clearing arrangements.
Before you open an account
- Confirm the provider is authorised by Bank of Mozambique (Banco de Moçambique) before depositing funds.
- Transact in Mozambican metical (MZN) and check the provider's rate and fees for any conversion.
- Use Mozambique's domestic account format exactly as issued when sending or receiving locally.
- Check the provider's cut-off times and limits on the local payment rail before relying on instant settlement.
Sources
Every fact on this page traces to an official or authoritative source: