IBAN Information for: North Macedonia
Find out all you need to know about the IBAN format in MK, including length, structure, and validation rules.
IBAN Information - North Macedonia
Overview
The International Bank Account Number (IBAN) for North Macedonia (MK) follows specific formatting rules. Here you'll find all the important details about the MK IBAN format.
Key Details
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IBAN Length 19 characters
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Country Prefix MK
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SEPA Member No
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Currency MKD
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Membership Non-Member
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Central Bank National Bank of the Republic of Macedonia
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Central Bank Website www.nbrm.mk
Format Information
Domestic Format Information
IBAN Block Structure
MK 07 250 1200000589 84
IBAN Structure Legend
- MK Country Code
- 07 Check Digits
- 250 Bank Code
- 1200000589 Account Number
- 84 National Code
Structure for North Macedonian IBAN
North Macedonian IBANs consist of the country code (MK), check digits (2 digits), bank code (3 digits), account number (10 digits), and national code (2 digits).
The North Macedonian IBAN consists of 19 characters. The bank code (3 digits) identifies the bank, followed by the account number (10 digits) which contains the details of the customer account. The last 2 digits represent a national code. North Macedonia (formerly known as Macedonia) is part of the SEPA (Single Euro Payments Area), with the IBAN conforming to the international standard ISO 13616.
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
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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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