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Latvia IBAN Number

Find the IBAN number for any bank within Latvia

IBAN Calculator

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Steps to validate an IBAN

There are two different validations that can be performed to ensure an UK IBAN is correct.

  • 01
    First validation is done using the IBAN's Check Digits using the MOD97 algorithm.
  • 02
    Second layer of validation can be carried out on the domestic sort code and account number combination
  • 03
    Match the sort code against our Bank and Branch code directory to check if it exists

Found the correct IBAN, What to do next

With a Latvian IBAN in hand, run through these checks before transferring.

  • 01
    Confirm the registered beneficiary name. Verification of Payee applies across the eurozone, Latvia included.
  • 02
    SEPA transfers need only the IBAN. For inbound non-SEPA payments, pair it with the BIC.
  • 03
    Choose between SEPA Credit Transfer and SEPA Instant Credit Transfer. Latvia is a TIPS-reachable jurisdiction.
  • 04
    Confirm the account holds EUR. Latvian banks support multi-currency accounts for international clients.
  • 05
    Send a small test transfer first when paying a new Latvian counterparty. EKS access is open to non-bank PSPs, so a Latvian EMI may be your counterparty rather than a traditional bank.

Common transfer mistakes to avoid for Latvia

Exact beneficiary name

Must match bank records exactly to avoid rejection or delays

Correct SWIFT/BIC code

Ensures the payment routes to the right bank.

Currency match

Sending the wrong currency can trigger extra fees or failed transfers.

Active account details

Outdated or inactive accounts can result in returned payments.

IBAN Rules in Latvia

  • 01
    IBAN is mandatory in Latvia for every domestic and SEPA credit transfer. As a eurozone member since 2014, Latvia uses IBAN as the sole account identifier.
  • 02
    The 21-character Latvian IBAN begins with LV, two check digits, a 4-letter bank code (first four characters of the bank's BIC), and a 13-character account identifier.
  • 03
    There is no parallel legacy domestic account format. The same IBAN works for every domestic Latvian payment, for any SEPA destination, and for inbound SWIFT wires. Latvijas Banka opened EKS, the national clearing system, to non-bank PSPs, which has made Latvia a hub for European fintechs needing direct SEPA access.

Latvia Payment Schemes

Latvia's payment systems are operated by Latvijas Banka and integrated tightly into Eurosystem infrastructure.

  • 01
    EKS (Electronic Clearing System), Latvijas Banka, retail payment system covering SCT, SDD, and SCT Inst, 24/7/365.
  • 02
    T2, Eurosystem with Latvijas Banka as participant, RTGS for high-value euro.
  • 03
    TIPS, Eurosystem, pan-European instant payment settlement.
  • 04
    SEPA Credit Transfer (SCT), pan-European EUR credit transfer.
  • 05
    SEPA Instant Credit Transfer (SCT Inst), 24/7 EUR transfers in under 10 seconds.
  • 06
    SEPA Direct Debit (SDD), recurring euro direct debits.

Search IBAN for top banks in Latvia

An accurate IBAN is step one. A smarter transfer is step two.

Xflow lets you make international payments directly, quickly, affordably, and without hidden fees.

20,000+ Customers Trust Us For Their International Payments

Do you also require also require SWIFT?

Many transfers require both IBAN + SWIFT, check out our swift calculator

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Disclaimer

This tool is provided for informational purposes only. Xflow does not guarantee the accuracy or completeness of results. Always verify account details directly with your bank or beneficiary before initiating any transfer. Xflow is not liable for any losses arising from incorrect IBAN usage.

Last Reviewed: 26/05/2026

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