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The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.

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It isn't a simple reversal, because money actually changed hands when the transfer was made. When the transfer was made 50,000 Euros was credited to a UK bank, and some number of kronor was debited t …
answered Nov 27 '18 by DJClayworth