diff --git a/Cargo.lock b/Cargo.lock
index 85bbf1630b..236557493e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1469,7 +1469,6 @@ dependencies = [
  "futures",
  "generic-array",
  "hex",
- "iban_validate",
  "juniper",
  "mockall",
  "mockall_double",
@@ -2356,16 +2355,6 @@ dependencies = [
  "cc",
 ]
 
-[[package]]
-name = "iban_validate"
-version = "4.0.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cc1d358f7ae89819e8656f1b495c9d760a9ca315998b12d589dc516c9f81ed08"
-dependencies = [
- "arrayvec",
- "serde",
-]
-
 [[package]]
 name = "ident_case"
 version = "1.0.1"
diff --git a/api/tests/update_user_payout_info_it.rs b/api/tests/update_user_payout_info_it.rs
index 638b04ca51..7e485b345c 100644
--- a/api/tests/update_user_payout_info_it.rs
+++ b/api/tests/update_user_payout_info_it.rs
@@ -682,7 +682,7 @@ impl<'a> Test<'a> {
 			.await;
 
 		// Then
-		assert_eq!(response.status(), Status::UnprocessableEntity);
+		assert_eq!(response.status(), Status::Ok);
 
 		Ok(())
 	}
diff --git a/common/domain/Cargo.toml b/common/domain/Cargo.toml
index 4a57203860..94673bf2ad 100644
--- a/common/domain/Cargo.toml
+++ b/common/domain/Cargo.toml
@@ -29,7 +29,6 @@ uuid08 = { package = "uuid", version = "0.8", default_features = false, features
 
 rust_decimal = "1.26.1"
 rusty-money = { version = "0.4.1", features = ["iso", "crypto"] }
-iban_validate = { version = "4.0.1", features = ["serde"] }
 hex = "0.4.3"
 starknet-ff = "0.3.4"
 
diff --git a/common/domain/src/value_objects/iban.rs b/common/domain/src/value_objects/iban.rs
index f930b83df2..305988125d 100644
--- a/common/domain/src/value_objects/iban.rs
+++ b/common/domain/src/value_objects/iban.rs
@@ -1,16 +1,7 @@
-use std::fmt::Display;
-
-use derive_more::{From, FromStr, Into};
-use iban::IbanLike;
+use derive_more::{Display, From, FromStr, Into};
 use serde_with::{DeserializeFromStr, SerializeDisplay};
 
 #[derive(
-	Debug, Clone, PartialEq, Eq, From, Into, FromStr, SerializeDisplay, DeserializeFromStr,
+	Debug, Clone, PartialEq, Eq, From, Into, FromStr, Display, SerializeDisplay, DeserializeFromStr,
 )]
-pub struct Iban(iban::Iban);
-
-impl Display for Iban {
-	fn fmt(&self, f: &mut std::fmt::Formatter<'_>) -> std::fmt::Result {
-		write!(f, "{}", self.0.electronic_str())
-	}
-}
+pub struct Iban(String);