IBAN vs. SWIFT Code: Are they the same or different?

iban-vs-swift-code

When making a bank transfer between countries, there are two commonly used methods for identifying the bank accounts involved: the International Bank Account Number (IBAN) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT) code. The main difference between IBAN and SWIFT is the type of information conveyed by the codes. The IBAN is used …

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