Bank Codes FAQ
The institution number is a 3-digit code that identifies your bank. The branch number (also known as the transit number) is a 5-digit code that identifies the specific branch of your bank. Combined, these numbers make up your routing number.
What is an account number? Your account number is a unique identifier assigned to your personal or business bank account. It’s typically 7 to 12 digits long and is used to direct deposits, withdrawals, and other transactions to the correct account. You’ll find it on your bank statement, online banking profile, or at the bottom of your checks.
A SWIFT code (also known as a BIC, Bank Identifier Code) is an international standard used by businesses to securely send and receive international payments. It’s typically 8 to 11 characters long and ensures that international money transfers are sent to the correct bank. You’ll need a SWIFT code when sending or receiving money from abroad.
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