@zhenech the IBAN contains an ID, but routing is done with the BIC. The sending bank has to do a lookup to find the BIC from the IBAN. Good banks have that database query integrated, bad banks are just lazy to do the development.
@zhenech the IBAN contains an ID, but routing is done with the BIC. The sending bank has to do a lookup to find the BIC from the IBAN. Good banks have that database query integrated, bad banks are just lazy to do the development.
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