Macedonian banks to implement new payment standards

All banks in North Macedonia will undergo planned technical adjustments over the upcoming weekend to prepare for new standards in denar-based payment transactions. These regulatory changes, which officially begin on Monday, November 9, 2026, include the introduction of new payment orders, purpose codes, and the use of IBAN format for payment accounts.

The Macedonian Banking Association has warned that these systemic adjustments may lead to temporary service interruptions or limited availability, particularly regarding payment transactions. While certain services may be affected, payment cards are expected to remain fully functional, allowing for uninterrupted use of POS terminals and ATM withdrawals or deposits.

Existing bank account numbers will not change. Banks will automatically manage the transition to the IBAN format for display and use within electronic and mobile banking platforms. Citizens and companies are advised to monitor their specific bank's official communication channels and plan any necessary payments in advance to avoid disruptions.