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But that's very unlikely because IBAN has a checksum precisely to prevent typos. Plus banks in Europe have a transfer reversal grave period so you just call th
by fxtentacle 5y ago
But that's very unlikely because IBAN has a checksum precisely to prevent typos.
Plus banks in Europe have a transfer reversal grave period so you just call them and they'll most likely be able to undo the transaction.
- lozenge 5y agoI'm not sure about IBAN, but in the UK there are multiple layers that help you avoid sending to the wrong account. However, if you do ultimately send money into an actual incorrect person's account, the only thing the recipient's bank will do is to ask them to send it back. They will not give you contact details or anything else.
- lioeters 5y agoTIL - more on IBAN checksum: > The IBAN check digit consists of two digits in positions 3 and 4 of the IBAN. It is calculated using the MOD97 algorithm and provides the primary integrity check for the IBAN standard. https://www.iban.com/iban-checker https://www.iban.com/iban-checker