Routing Transit Number,IBAN,BSB Number,SWIFT Code

Routing Transit Number,IBAN,BSB Number,SWIFT Code
ROUTING NUMBER, also known as the Routing Transit Number or ABA Number, is a financial institution identifier issued by the ABA (American Bankers Association) under the supervision and assistance of the Federal Reserve. Many financial institutions have a ROUTING NUMBE, which is mainly used for banking. The routing confirmation of related transactions, transfer, clearing, etc., consists of 9 digits (8-bit content 1 digit verification code), mainly used in the United States and North America.

IBAN, which refers to The International Bank Account Number, commonly referred to as IBAN, is a bank account number established by the European Committee for Banking Standards (ECBS) according to its standards. The bank account number of the Member State participating in the ECBS has a corresponding Du IBAN number. You can contact your bank to get an IBAN number. The IBAN number is up to a 34-bit string. The IBAN numbering rules include country code + bank code + region + account person account + check code. When the IBAN account is not used in the euro zone, an additional human intervention fee will be charged. Chinese banks do not have an IBAN number, and IBAN only applies to Europe. This code is not as popular as SWIFT CODE. In one case, the remittance to Europe, only the use of SWIFT, the result was stuck in the Frankfurt branch, said to be IBAN.

BSB Number, is the wire clearing network code used in Australia and other places, namely Bank State Branch Number. It is mainly used in the banks of the Australian dollar and New Zealand dollar and in the settlement of settlements in Australia. Usually 6 digits.

SWIFT is the English abbreviation of Society for Worldwide Interbank Financial Telecommunication.

SWIFT Code is a bank identification code proposed by the association and adopted by the International Organization for Standardization (ISO). Its original name is BIC (Bank Indentifier Code), but the name BIC is too broad, and people are worried about understanding it. The bank's identification code system, so gradually it is customary to call BIC SWIFT Code. This number is equivalent to the ID number of each bank. Each bank (including each branch, branch) has a code, which is the English abbreviation of the bank name and the English abbreviation of the location of the head office (also with numbers plus letters to indicate a city) and the code of the branch (letters, numbers) Or mix) composition.

Internationally, the bank's SWIFT Code is a uniform format, for example: BKCHCNBJ110, 1-4 is a bank's Unicode (BKCH for Bank of China), 5-6 for country code (China is CN), 7- 8 represent the city code (Beijing is BJ) and 110 stands for Beijing branch. The SWIFT Code of the head office does not have a location code, the number of digits is 8 (such as Bank of China Head Office BKCHCNBJ), and the rest are 11 digits.

SWIFT Code, IBAN and Routing Number are all types of bank international wire transfer codes, but only in different regions; banks in the US and North America generally use the Routing Number, banks in Europe (especially Germany) use IBAN, outside North America and Europe. Most countries and regions use SWIFT CODE. Chinese banks use SWIFT CODE. In fact, the function of SWIFT CODE is equivalent to the ROUTING Number in North America, but SWIFT CODE is more commonly used internationally.

Generally speaking, ROUTING NO and IBAN are not required for remittance from Europe. Because Chinese banks mainly use SWIFT CODE, it is sufficient to provide SWIFT CODE of the receiving bank in China.
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