Transfer from card to card
According to the Resolution of the National Bank of Ukraine dd. 05.08.2019, the International Bank Account Number (IBAN) was introduced in Ukraine.
This number is used in the international settlements and includes 29 characters (letters and numbers). It is designed to simplify money transfers and reduce their costs. With effect from 01.01.2019, all transfers will be carried out exclusively under this code.
In fact, other details (like the account number, bank’s MFO) are replaced with the IBAN code. It is assumed that thanks to the new standard, the customers will be able to:
The National Bank of Ukraine also plans to implement a possibility to pay under the QR code, which will contain information about IBAN. Many seafarers, who have used to make the S.W.I.F.T. transfers, are familiar with the European standard. Such payments have been made using this code for a long while.
Our bank’s IBAN will look like the following:
Until 05.08.2019, money was transferred under the old scheme, where the MFO code and account number were indicated separately.
From 05.08.2019 to 31.10.2019, one can optionally choose how to specify the bank details, either IBAN or MFO and account number.
Starting from 01.11.2019, all customers will be shifted to IBAN as will be duly notified by the bank. All payments will be made using this code only.
The details will be switched to a new format automatically. At that, all payment cards remain the same tool as before. We recommend that you warn your counterparties about changing the details.