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What do ABA / IBAN / SWIFT mean?

April 26, 2017aba IBAN mean Swift

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What do ABA / IBAN / SWIFT mean?

1 Answer

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The ABA (American Bankers Association number) is a 9-digit transit number assigned to each bank in the United States. IBAN (International Bank Account Number) is a unique number that identifies a specific bank account anywhere in the world. Generally it contains a two-character country code, two check digits, and the basic account number (which includes bank and account information). SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a worldwide financial messaging network. The majority of international interbank messages use the SWIFT network.