10.1.5. IBAN

IBAN (International Bank Account Number) is a standard international form of bank account representation that helps banks make international transfers. It consists of a set of letters and numbers that encode the country code, bank code, and bank account details required for international transfers. IBAN is used throughout Europe, several regions of Central Asia, North Africa, and the Caribbean.

Previously, bank accounts in Ukraine were only understood by Ukrainian banks, and in order to transfer funds, in addition to the account number, it was also necessary to indicate the MFO of the bank where the account was opened and the EDRPOU of the recipient. Since August 5, 2019, all bank accounts in Ukraine have switched to the IBAN standard.

Our IBAN account is included in all invoices created by our system, so it can be used when paying for services via Ukrainian banks instead of the usual requisites (bank account number, MFO, and EDRPOU).