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The purpose is to calculate a number which then has to correspond with the "check digits" I believe. For example, in NL60ABNA[...] the 60 are the check digits. Details: https://en.wikipedia.org/wiki/International_Bank_Account_Number …
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That is… the definition of a checksum. But why subtract from 98 instead of using the modulus result directly?
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It will give you the Check digits... https://en.wikipedia.org/wiki/International_Bank_Account_Number …
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That is… the definition of a checksum. But why subtract from 98 instead of using the modulus result directly?
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The purpose is that if you add the check digits, the mod97 of the final IBAN is always 1. (38 + (98 - 38)) mod 97 = 1
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Ooooh, that makes sense. Thanks!
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Some banks don't do this, ING for instance is known to have some different numbers.
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Can you please retweet the answer when/if you get it? Don’t want want to miss out on this one


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