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IBAN Structure Mongolia

Last reviewed: · Source: ISO 13616 / SWIFT IBAN Registry

Mongolia's IBAN has 20 characters in the format MNkk BBBB BBBB BBBB BBBB. After the country code MN and the check digits come a 4-digit bank code and the 12-digit account number. Mongolia is not a SEPA participant. The currency is the tögrög (MNT). Transfers from the euro area to Mongolia run over classic SWIFT — a BIC is required, and FX margins and longer settlement times can apply. Mongolia introduced the IBAN comparatively late; today Mongolian banks issue their customers an IBAN.

Overview

CountryMongolia (MN)
IBAN length20 characters
FormatMNkk BBBB BBBB BBBB BBBB
Example IBANMN12 1234 1234 5678 9123

Visual breakdown

Example IBAN:

MN121234123456789123
Country codeCheck digitsBank codeAccount number

Character-by-character explanation

SegmentCharactersLengthExplanation
Country codeMN2MN for Mongolia (ISO 3166-1)
Check digits122Two check digits per MOD-97
Bank code123444-digit bank code
Account number1234567891231212-digit account number

Example IBAN for Mongolia

The IBAN below illustrates the format for Mongolia. It is fictitious and shown for illustration only.

MN12 1234 1234 5678 9123

20 characters · Format MNkk BBBB BBBB BBBB BBBB

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Frequently asked questions

How many characters does an IBAN in Mongolia have?
An IBAN in Mongolia has exactly 20 characters. It consists of the country code MN, two check digits and the national account number (BBAN) with 16 characters.
How is a Mongolia IBAN structured?
The IBAN in Mongolia follows the format MNkk BBBB BBBB BBBB BBBB. MN is the country code, the following two digits are the check digits, and the remaining characters encode the bank and account details. Example: MN12 1234 1234 5678 9123.
What happens if I enter a wrong IBAN for Mongolia?
Thanks to the built-in check digits (MOD-97, ISO 7064), most typos in an IBAN are detected automatically. The bank rejects a malformed IBAN and the transfer is not executed. Always check an IBAN carefully against your records before you send a payment.

IBAN structure for other countries

Germany

22 characters · DEkk BBBB BBBB CCCC CCCC CC

Austria

20 characters · ATkk BBBB BCCC CCCC CCCC

Switzerland

21 characters · CHkk BBBB BCCC CCCC CCCC C

Liechtenstein

21 characters · LIkk BBBB BCCC CCCC CCCC C

France

27 characters · FRkk BBBB BGGG GGCC CCCC CCCC CKK

Spain

24 characters · ESkk BBBB GGGG KKCC CCCC CCCC

Italy

27 characters · ITkk XBBB BBGG GGGC CCCC CCCC CCC

Portugal

25 characters · PTkk BBBB SSSS CCCC CCCC CCCK K