IBAN for Cyprus

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What is an IBAN Number in Cyprus?

An IBAN (International Bank Account Number) is a standardized system used by banks worldwide to ensure the accuracy and efficiency of international money transfers. In Cyprus, the IBAN number is required for cross-border transactions and serves as a unique identifier for a Cypriot bank account.

The Cypriot IBAN consists of 28 characters, which include both letters and numbers. It begins with the country code 'CY'
Iban cyprus e297261d2d

IBAN Format

What is the IBAN code format for Cyprus?

IBAN in Cyprus consist of 28 characters:
  • 2 letter country code
  • 2 digit check number
  • 3 characters from the bank's bank code
  • 5 digit code for the bank branch
  • 16 digit code for the bank account number Example: CY17 0020 0128 0000 0012 0052 7600
Iban format cyprus 4e1233c7cb

Cyprus IBAN structure

CY17 0020 0128 0000 0012 0052 7600
  • 1
    Country Code (2 letters)

    The first two characters of the IBAN represent the country where the bank account is located. For example, 'CY' for Cyprus.

  • 2
    Check Digits (2 numbers)

    The next two digits are check numbers used for error-checking purposes. For example, '17' in the IBAN for Cyprus. They help ensure the accuracy of the IBAN during the transaction process.

  • 3
    Bank Code (3 digits)

    In Cyprus, the next 3 digits represent the specific bank code, such as '002', uniquely identifying the financial institution.

  • 4
    Branch Code (5 digits)

    The following 5 digits represent the branch code, such as '00128', which is used to identify the specific branch of the bank.

  • 5
    Bank Account Number (16 digits)

    The remaining digits of the IBAN in Cyprus represent the individual bank account number within the identified bank and branch. For example, '0000001200527600'.

Do we need IBAN for Cyprus?

Yes, you’ll need an IBAN (International Bank Account Number) if you want to send or receive international money transfers while in Cyprus. A standard bank account number is not enough for cross-border transactions. The IBAN includes additional details such as the country code, check digits, and bank identification, ensuring that international payments are processed accurately and securely.

IBAN Examples by country

Country name
SEPA
Length
IBAN Examples
BE
Belgium
Yes
16
BE68539007547034
CH
Switzerland
Yes
21
CH9300762011623852957
DE
Germany
Yes
22
DE89370400440532013000
EE
Estonia
Yes
20
EE382200221020145685
ES
Spain
Yes
24
ES9121000418450200051332
FI
Finland
Yes
18
FI2112345600000785
FR
France
Yes
27
FR1420041010050500013M02606
GB
United Kingdom
Yes
22
GB29NWBK60161331926819
HU
Hungary
Yes
28
HU42117730161111101800000000
IE
Ireland
Yes
22
IE29AIBK93115212345678

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