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Bank refunds that happen shortly after purchase (within 24 hours) can just cancel the original transaction before the money leaves your account, so you wouldn't see a transaction in that case.
It wasn't refunded to my steam wallet. Steam said they would process the refund around 30 hours after the purchase. It also wasn't refunded to my bank, and they have always showed a reversal (+) to after a previous charge (-) if it was refunded, reversed or never completed processing the charge. Of which they did not show the funds added back. leading me to believe there was an issue processing the funds.