What is IBAN and CVC / CVV code?

What is an IBAN account?

IBAN (International Bank Account Number) is a standardized format that allows precise identification of the recipient’s bank account for both international and domestic transfers.

Purpose of IBAN:

• Simplifies money transfers between countries.

• Reduces the risk of errors when transferring funds.

• Ensures faster and safer payment processing.

Examples of IBAN:

• Latvia: LV80 BANK 0000 4351 9500 1

• Lithuania: LT80 3250 0000 4351 9500 1

What is a CVC / CVV code?

CVC (Card Verification Code) or CVV (Card Verification Value) is a three-digit security code located on the back of your bank card, next to the signature strip.

Purpose of the CVC / CVV code:

• Used to ensure payment security.

• Required when entering card details for:

  • Online purchases

  • Deposits on gambling platforms or other service websites

Where to find this code?
On the back of your card, usually on the right side of the signature strip.

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