Articles on: Virtual Accounts

Countries not supported by the banking provider for creating a virtual account with IBAN

The banking provider does not allow accounts to be opened for individuals or companies resident in certain jurisdictions classified as Prohibited. The list currently includes:

Afghanistan
Belarus
Cuba
North Korea
Russian Federation
Gaza
Iran
Iraq
Lebanon
Libya
Myanmar
Democratic Republic of the Congo
Somalia
Sudan
South Sudan
Syria
Venezuela
Yemen
West Bank (occupied Palestinian territory)
The Ukrainian territories of Crimea, Sevastopol, Donetsk, Kherson, Luhansk and Zaporizhzhia

The banking provider also states that its services are not available to individuals and companies located in Algeria, Burundi, China, Japan and Tunisia.

These restrictions refer to the customer's country of residence or location, not necessarily to the country from which a transaction is made.

Updated on: 15/10/2026

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