What is an ABA Routing Number / Transit Code / IBAN / BIC / SWIFT Code?
When transferring money to a foreign bank account, you will be asked to enter certain numbers to ensure the money reaches your recipient. You should get these numbers from the person you are sending to.
It is vitally important that you enter these numbers correctly and double-check them before sending money.
To complete the transfer we will normally need the recipient’s bank name and account number. For other countries you may be asked for one of the following:
US ABA Routing Number
The domestic US ABA Routing Number is also sometimes called the Routing Transit Number (RTN), Electronic Routing Number or Checking Routing Number. It is the domestic code used to identify banks in the United States and is required along with the Account Number, Bank Name and recipient details to perform a transfer through WorldRemit.
The domestic US ABA Routing Number is 9 digits-long and composed of numbers only. It can usually be found on the bottom left hand corner of your recipient’s checks or on their recent bank statement.
Please note, that this is not the Fedwire Code or a wire code used for traditional international transfers.
Canada Transit Code
The Canada Transit Code is 5 digits-long and composed of numbers only. This code is required along with the Bank Name and Account Number to perform a bank transfer to Canada through WorldRemit. The Canada Transit Code may also be known as the Branch Code.
The Canada Transit Code can usually be found towards the bottom left of your recipient’s check, to the left of the 3-digit Institution Code. Your recipient should also be able to find the Transit Code associated with their account on their online banking, on their bank statement or by contacting their bank.
The International Bank Account Number is used in many countries around the world.
Contained within the IBAN is information about the receiving country, bank, branch and account number.
The IBAN is up to 34 characters long and includes numbers and letters.
BIC (or SWIFT)
The Bank Identifier Code (sometimes called SWIFT) is used in many countries around the world.
It contains information about the receiving country, bank and branch.
The BIC/SWIFT is either 8 or 11 digits long and includes numbers and letters.