Routing Number/RTN/Routing Transit Number:
Routing Number is used to facilitate the electronic routing of funds (ACH transfer) from one bank account to another in USA.A Routing Number is a nine-digit numeric code printed on the bottom of checks. Itís also referred to as RTN,Routing Transit Number or Bank Routing Number.
What is SWIFT Code/BIC Code?
Society for Worldwide Interbank Financial Telecommunication(SWIFT) has defined standard format of Business Identifier Codes which is called as SWIFT code or BIC Code. It acts as a unique identification code for both financial and non-financial institutions. Swift code is used while transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. SWIFT handles the registration of SWIFT codes across the world.
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