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IBAN Information for: Montenegro

Find out all you need to know about the IBAN format in ME, including length, structure, and validation rules.

IBAN Information - Montenegro

Overview

The International Bank Account Number (IBAN) for Montenegro (ME) follows specific formatting rules. Here you'll find all the important details about the ME IBAN format.

Key Details

  • IBAN Length 22 characters
  • Country Prefix ME
  • SEPA Member No
  • Currency EUR
  • Membership Non-Member
  • Central Bank Central Bank of Montenegro
  • Central Bank Website www.cb-mn.org

Format Information

ME2!n3!n13!n2!n
^ME(\d{2})(\d{3})(\d{13})(\d{2})$
ME25505000012345678951

Domestic Format Information

3!n13!n2!n
18 characters
505 0000123456789 51
505000012345678951

IBAN Block Structure

ME 25 505 0000123456789 51

IBAN Structure Legend
  • ME Country Code
  • 25 Check Digits
  • 505 Bank Code
  • 0000123456789 Account Number
  • 51 Check Digits
Structure for Montenegrin IBAN

Montenegrin IBANs consist of the country code (ME), check digits (2 digits), bank code (3 digits), account number (13 digits), and an additional check digits (2 digits).

The Montenegrin IBAN consists of 22 characters. The bank code (3 digits) identifies the bank. The account number (13 digits) contains the details of the customer account. The last 2 digits are additional check digits used for national validation. Montenegro introduced the IBAN system after its independence in 2006.

Bank Information

The IBAN contains encoded information about the bank and branch. Below are the positions of these components in the BBAN part.
Positions 0 to 2
Positions 16 to 17
Yes
2011-06-20

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.

Important to know: Each country has its own IBAN format and length, but all follow the same basic structure with a country code, check digits, and account number components.
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 FAQs

What is an IBAN? IBAN - Countrylist How to remember your IBAN? How is the IBAN structured? How is the IBAN check digit calculated? BIC - Bank Identifier Code

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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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