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Akif Hazarvi

Cyprus IBAN

CY·EUR·SEPA

The International Bank Account Number (IBAN) for Cyprus is 28 characters long and is used to identify bank accounts for international transactions, within the SEPA network for euro transfers and via SWIFT for non-euro currencies.

A Cyprus IBAN begins with the country code CY and two check digits, followed by the 24-character BBAN (Basic Bank Account Number). The Cyprus BBAN encodes a 3-character bank code, followed by a 5-character branch code, followed by a 16-character account number. As a SEPA member, Cyprus supports low-cost euro transfers across 36+ European countries using the EUR currency. Always include the full 28-character IBAN together with the bank's BIC/SWIFT code when making or receiving international payments.

IBAN Length

28 chars

Currency

EUR

SEPA

Yes

Banks

4+

Example IBAN

Electronic format

CY17002001280000001200527600

Print format

CY17 0020 0128 0000 0012 0052 7600

IBAN structure for Cyprus

A Cyprus IBAN is 28 characters long and consists of the following components:

Country code

CY

Check digits

17

Bank code

3 chars

Branch code

5 chars

Account number

16 chars

Total length28 characters

BBAN format details

The Basic Bank Account Number (BBAN) is the domestic part of the IBAN, following the country code and check digits. Here is the BBAN validation format for Cyprus:

Bank code3 characters

^[0-9]{3}

Branch code5 characters

^[0-9]{5}

Account number16 characters

^[a-zA-Z0-9]{16}

Major banks in Cyprus

4 banks in Cyprus that support IBAN-based international transfers:

A

Alpha Bank Cyprus Limited

B

Bank Of Cyprus Public Company Limited

E

Eurobank Cyprus Ltd

H

Hellenic Bank

Understanding IBAN in Cyprus

What is the IBAN format in Cyprus

An IBAN (International Bank Account Number) is an internationally-agreed code made up of up to 34 letters and numbers that helps banks make sure that international transfers are processed correctly. Each set of characters represents a different detail for your bank account. You can see the breakdown of this IBAN below.

What is the IBAN code in Cyprus

IBAN in Cyprus consists of 28 characters: 2 letter country code 2 digit check number 3 characters from the bank's bank code 5 digit code for the bank branch 16 digit code for the bank account number

Do you need an IBAN in Cyprus

Yes. If you’re making – or expecting to receive – an international money transfer to a bank account in Cyprus, then just a standard bank account number isn’t enough. If you want your money to arrive quickly and safely, you’ll usually need to give the bank a few extra details, such as an IBAN or SWIFT code. Banks assign IBANs to each of their accounts to make sure that international transfers are processed correctly. IBANs contain all of the country, bank, and account details you need to send or receive money internationally. This system is used throughout Europe, and also recognised in some areas of the Middle East, North Africa and the Caribbean.

Frequently asked questions

What is the IBAN format for Cyprus?

A Cypriot IBAN is exactly 28 characters long. It starts with CY, 2 check digits, a 3-digit bank code, a 5-digit branch code, and a 16-character account number. Example: CY17 0020 0128 0000 0012 0052 7600.

Is Cyprus part of SEPA?

Yes. Cyprus is a eurozone and SEPA member. Euro transfers from other EU and EEA countries can be processed via SEPA Credit Transfer or SEPA Instant Credit Transfer. Only the CY IBAN is needed for SEPA transfers — no BIC required.

What are the bank codes for Bank of Cyprus and Hellenic Bank?

Bank of Cyprus uses bank code 002, and Hellenic Bank uses 005. These 3-digit codes appear in positions 5–7 of the 28-character Cypriot IBAN. Other banks such as Eurobank Cyprus and Alpha Bank Cyprus have their own distinct codes.

How do I find my IBAN at Bank of Cyprus or Hellenic Bank?

Log in to Bank of Cyprus's 1bank internet banking or the BOC app — your CY IBAN appears on the account details page. Hellenic Bank's HB Direct portal and mobile app similarly display the 28-character IBAN. It also appears on bank statements and on the welcome letter you received when opening the account.

Do I need a SWIFT code for transfers from outside the EU to Cyprus?

For SEPA transfers from EU and EEA countries in EUR, only the CY IBAN is needed. For transfers from non-SEPA countries — such as the UK post-Brexit, Russia, or the US — the sender needs both the 28-character CY IBAN and the bank's SWIFT/BIC code. Bank of Cyprus's SWIFT code is BCYPCY2N; Hellenic Bank's is HEBACY2N.

Can I receive USD or GBP in a Cypriot bank account?

Yes. Major Cypriot banks including Bank of Cyprus and Hellenic Bank offer multi-currency accounts that can hold USD, GBP, and EUR. Each currency holding may have its own IBAN or may share the same IBAN with a currency specifier. Confirm with your bank whether you need a separate account number for foreign currency receipts.

Are there enhanced compliance checks for large transfers to Cyprus?

Yes. Cyprus's banking sector applies enhanced due diligence for certain high-value or complex international transfers, in line with EU anti-money laundering regulations and the Central Bank of Cyprus requirements. For large inbound transfers, your bank may request documentation of the transaction's purpose and origin. Planning ahead and notifying your bank before expecting a large transfer can avoid delays.

How IBAN is used in Cyprus

Cyprus uses a 28-character IBAN and is a eurozone and SEPA member. The Central Bank of Cyprus (CBC) oversees the banking system, which underwent significant restructuring following the 2012–2013 banking crisis. Today the banking sector is led by Bank of Cyprus and Hellenic Bank, with all accounts denominated in EUR and IBANs used for all domestic and international transfers.

A Cypriot IBAN starts with CY, two check digits, a three-digit bank code, a five-digit branch code, and a 16-character account number. Bank of Cyprus accounts are identified by bank code 002, while Hellenic Bank uses 005. Your IBAN is available through online banking, mobile apps, or printed on bank statements.
Cyprus participates in SEPA, so euro transfers from EU countries are processed quickly and at low cost. For payments arriving from outside SEPA — for example from the UK post-Brexit, or from non-EU countries — the sender will need your full 28-character CY IBAN and your bank's SWIFT/BIC code. Hellenic Bank and Bank of Cyprus both publish their SWIFT codes on their websites.
Cyprus has a significant international business community and high volume of cross-border payments. When receiving payments from non-EU jurisdictions, be aware that some Cypriot banks apply enhanced due diligence and may request documentation for large inbound transfers. Confirming compliance requirements with your bank before expecting a high-value remittance can prevent unexpected delays.