IBAN Information for: Cyprus
Find out all you need to know about the IBAN format in CY, including length, structure, and validation rules.
IBAN Information - Cyprus
Overview
The International Bank Account Number (IBAN) for Cyprus (CY) follows specific formatting rules. Here you'll find all the important details about the CY IBAN format.
Key Details
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IBAN Length 28 characters
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Country Prefix CY
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SEPA Member Yes
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Currency EUR
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Membership EU Member
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Central Bank Central Bank of Cyprus
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Central Bank Website www.centralbank.gov.cy
Format Information
Domestic Format Information
IBAN Block Structure
CY 17 002 00128 0000001200527600
IBAN Structure Legend
- CY Country Code
- 17 Check Digits
- 002 Bank Code
- 00128 Branch Code
- 0000001200527600 Account Number
Structure for Cyprus IBAN
Cyprus IBANs consist of the country code (CY), check digits (2 digits), bank code (3 digits), branch code (5 digits), and account number (16 digits).
The Cyprus IBAN consists of 28 characters. The bank code (3 digits) identifies the bank, followed by the branch code (5 digits). The account number (16 digits) may contain leading zeros and is typically numeric. Cyprus adopted the IBAN standard as a member of the European Union and the Eurozone.
Bank Information
What is an IBAN?
An International Bank Account Number (IBAN) is a standardized international numbering system developed to identify bank accounts from around the world. It was originally adopted by the European Committee for Banking Standards and later as an international standard.
IBAN Uses
- International wire transfers
- SEPA payments within Europe
- Automated payment processing
Benefits of IBANs
- Reduced errors in international payments
- Faster processing of cross-border transactions
- Standardized format for global banking
Our IBAN Tools
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IBAN FAQs
Did You Know?
IBAN Verification
The check digits in an IBAN allow for verification of the entire number, reducing the risk of errors during transcription. This makes international payments more reliable.
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