The microstructure, formability and corrosion resistance characters of industrially produced galvannealed coatings on high strength interstitial free (IF) steel with different galvannealing temperature have been investigated. With the galvannealing temperature increases, the Fe content of coating is increase, and the powdering resistance gets weaker while the corrosion resistance gets better. The coating microstructure consisting of a δ phase as the main constituent with a ζ layer on the top surface provides a good powdering resistance. The compact δ and Γ phases are good for the corrosion resistance of coating