IBAN: Your Financial GPS in the World of Bank Transfers

24.10.2025

In the modern banking world, the accuracy of details is the key to fast and secure transfers.

IBAN (International Bank Account Number) — is an international format for bank account numbers, which all of Ukraine has joined to provide a single identification system for all types of transfers — both within the country and abroad.

Why is IBAN needed?

IBAN — is a unique code that allows you to:

Quickly and accurately identify the recipient's bank and account.
Reduce the risk of errors when making transfers.
Make domestic and international payments without delays and additional clarifications.

In other words, IBAN — is the "address" of your bank account, which guarantees that the funds will go exactly where you need them.

The IBAN number consists of the following elements:

• UA — country code (Ukraine)

• 2 check digits — to verify the correctness of the account

• Bank code — identifies the financial institution

• Client account number — your unique bank «address» for transfers

Thanks to this structure, the IBAN system ensures maximum accuracy and security of transfers.

Where to find IBAN for MTB Bank clients:

• in the MTB360 mobile application;

• in the account statement;

• in the account opening agreement.

IBAN — this is the confidence that your funds will find the right path.

Other news

06.10.2025

Energy independence is the main investment for business this fall

Take a step towards uninterrupted operation and energy independence for your business.

21.10.2025

MTB Bank received an award for innovation at Visa Day

As part of the event, MTB Bank received the Visa award for CyberSource - the introduction of innovations in the field of online payments and the development of digital services.

See all