From 1 November: MK07 prefix and IBAN format introduced for domestic bank accounts
Banks will prepend the code "MK07" to existing account numbers and replace old payment forms, but customers keep the same accounts and access.
From 1 November domestic payments in North Macedonia will start using an IBAN-style notation that places the code "MK07" in front of existing account numbers. Banks say the change is technical and aims to align the local payment system with international standards, and they stress there is no reason for customers to be alarmed.
Account holders will not receive new account numbers, will not have to move their funds, and will not need to visit branches solely because of the new format. The underlying accounts, their balances and customers' rights to access money remain unchanged.
What changes for everyday payments
Until now IBAN was used mainly for transfers to and from abroad; under the new rules the same format will be applied to domestic transfers. In practice this means the current account number will be presented with the prefix "MK07", creating a standardized representation that simplifies transaction identification and processing.
Alongside the IBAN-format rollout, the familiar payment order forms PP10, PP30, PP40, PP50 and PP53 will be replaced during November by new standardized forms available in both paper and electronic versions. Numeric purpose codes will be swapped for four-character alphanumeric codes that indicate the type of transaction—salaries, rent, utility bills and similar payments.
Some banks will automatically convert existing account numbers into the IBAN-style representation so customers can continue entering data in the usual way while the bank systems handle the adjustment. Still, banks advise clients to follow their individual communications because display and input methods may differ between mobile, online and branch systems.
Businesses using accounting packages, automated payment processes or mass payroll will likely need software updates and database adjustments. Banks are expected to provide practical guidance to corporate clients about the timetable and technical requirements.
The most important practical message for individuals is that salaries, pensions, social transfers and other incoming payments will continue to arrive to the same accounts; there is no need to withdraw cash, open a new account or move funds because of the new format. The change affects how accounts are labelled and processed, not ownership or access to the money.
Photo: press material from the event
