ISO 20022 Academy

ISO 20022 glossary

Mod-97 Checksum

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The ISO 7064 division-by-97 test behind IBAN check digits: a valid IBAN, rearranged and read as one big number, leaves remainder 1.

Part of the ISO 20022 Dictionary — the reference layer of ISO 20022 Academy. Written by Revanth Sai Rayapati.