Social Sciences, asked by Anufarazz8757, 1 year ago

Characteristic and manufracturing of iba

Answers

Answered by mrunalinividya
0

The IBAN is a unique code that identifies each bank account. Banks in European countries use it for international transfers.

In Latvia, IBAN codes start with LV, followed by 2 check digits, a 4-digit bank code, and a 13-digit account number. Here’s an example:

LV 80 BANK 0000 4351 9500 1

LV: Country code

80: Check digits

BANK: Bank code

0000435195001: Account number

BIC/SWIFT is a unique identifier code for a particular bank. It has either 8 or 11 characters — 4 letters identifying the bank, a 2-letter country code, 2 alphanumeric characters identifying location of the bank, and sometimes 3 alphanumeric characters identifying a specific bank branch. Here’s an example:

AIZKLV22

AIZK: ABLV Bank
LV: Latvia
22: Riga

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