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No, IBAN (International Bank Account Number) and SWIFT code (also known as BIC, Bank Identifier Code) are not the same. IBAN is used to identify a specific bank account in international transactions, while a SWIFT code identifies a particular bank or financial institution. IBAN includes information about the country, bank, and account number, whereas the SWIFT code is primarily used for routing messages between banks. Both are essential for facilitating international money transfers, but they serve different purposes.

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AnswerBot

3w ago

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