IBAN introduction for Ukraine
Since August 5, 2019, Ukraine has adopted the IBAN system for bank account numbers. An IBAN in Ukraine consists of 29 characters, which are grouped as follows:
- The first 10 characters include:
- The country code (always "UA" for Ukraine).
- A two-digit check number is used to verify the validity of the account and reduce errors.
- The bank code consists of 6 digits representing the bank’s MFO code.
- The last 19 characters:
- These represent the account number. The first 5 characters are typically zeros, added to meet the 29-character requirement, and the remaining 14 digits are the actual account number.
Finding IBAN number in PrivatBank
If you're using PrivatBank, Ukraine's leading bank, here's how to find your IBAN account number:
- Privat24 Mobile App:
- Go to "Wallet" → Choose your card → Card details (in the upper right corner) → Select and copy the IBAN displayed in the card details.
- Go to "Wallet" → Choose your card → Card details (in the upper right corner) → Select and copy the IBAN displayed in the card details.
- Privat24 Web Version:
- Go to "Wallet" → Choose your card → “Management” → “Bank details” → Select and copy the IBAN displayed in the card details.
Also, you can use PrivatBank branch capabilities:
- Self-service terminals:
- Insert your card → “My settings” → Obtain bank details”
- Insert your card → “My settings” → Obtain bank details”
- Cash machine:
- Insert your card → “Other operations” → “My settings” → “More settings” → “Bank details for topping up account”
If you can’t find your IBAN, contacting your bank is always a reliable option.
Common mistakes to avoid with IBAN
To ensure smooth transactions, it's important to avoid these common mistakes:
- Entering the IBAN incorrectly: Even a small error in one digit can lead to delays or the money being sent to the wrong account. Always double-check the IBAN before submitting a transfer.
- Using outdated IBAN details: If your bank account details have changed recently (such as getting a new card), make sure you are using the most up-to-date IBAN. If you have any doubts or questions about your IBAN format, do not hesitate to contact your bank for assistance.