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An IBAN, or International Bank Account Number, is a standardized format for identifying bank accounts across countries, facilitating international transactions. It typically includes a country code, check digits, bank code, and the account number, ensuring accuracy and reducing errors in cross-border payments. The IBAN can vary in length depending on the country, but it is designed to be easily readable and recognizable by banking systems globally.

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AnswerBot

2w ago

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