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USBANKSINFO.COM

Welcome to USBanksInfo.com. Our aim is to publish every bank in the US, even the bank nearby your house or office. Here you will find locations of banks in various states and counties, specific to cities in the US. Sometimes there would arise necessity for you to find or locate a particular bank nearby your place and you will be desperate to find its address. We have listed almost all banks in the US, including its branch offices specific to state, county and cities.


1. Local Payments

In the US, it is very common to see people issue paper checks or send payments electronically using ACH. Although routing no is frequently used by many banks, It is very important to realise the key difference between ACH routing number and ABA routing number.

ABA Routing Number

Routing number is a 9 digit code which is printed on the bottom of your check. ABA means 'American Bankers Association'. It is primarily used for clearing paper checks .

ACH Routing Number

ACH routing number is 9 digit code used by for electronic transactions. ACH means 'Automated Clearing House'. Be aware that that both ACH and ABA routing number are 9 digit codes, both are not the same and infact a single bank may have one or more routing numbers assigned to them.

2. Payment Abroad & Wire Transfers

If you are paying somebody abroad, quite frequently a wire transfer is done, which is easy to initiate and its fast. To initiate a wire transfer you will need the SWIFT code of the bank in foreign country. It usually takes 3-5 working days to receive a wire payment.

What is SWIFT code?

A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code is made up of 8 to 11 characters which uniquely identifies a financial institution or a bank branch worldwide. It is also known as BIC code. You can visit official SWIFT website http://swift.com/biconline to lookup your banks swift code and verify information.

What is IBAN?

IBAN is a single one account number used in euro countries for cross border electronic payments. IBAN is not used in US. This this one number will clearly identify, the country, insitution code and bank account number. . More information on IBAN can be found on this website

 

(i) Sending Wire Transfer

You will need to collect the following payment information from our client if you are sending a wire transfer abroad. You will need to collect SWIFT code of the institution abroad can optionally collect IBAN account number from your client, just in case, if he lives in european country. Typically IBAN is not needed if you have SWIFT code and clients Account no.

Keep in mind that most US banks charge a fee (upto $50) to process a wire transfer abroad. You will need to check that with your bank.

Account# ____________________________
Payee Name: ____________________

Payee Address:
_________________________
________________________

Bank/Insitution Name :
_____________________________

Bank Address with Phone
_____________________________
_____________________________
________________________________

SWIFT code: ________________________

IBAN No (optional only): ___________________________ (use it for europe)

Amount: ______________ (eg. EUR 1000.-)

COMMENTS: ____________________________ (mention purpose or communication)

 

(ii) Receiving Wire Transfers

Most US banks charge a fee to process incoming wire transfers to your account. You will need to send the following information to your payer about you if you are receiving a wire transfer from a foreign country.

Account# ____________________________
Payee Name: ____________________

Payee Address:
_________________________
________________________

Bank/Insitution Name :
_____________________________

Bank Address with Phone
_____________________________
_____________________________
________________________________

SWIFT code: ________________________

ABA Routing No: _____________________

Amount: ______________ (eg. USD 1000.-)

COMMENTS: ____________________________ (mention purpose or communication)

3. FDIC Insurance

The Federal Deposit Insurance Corporation (FDIC) is an independent agency setup by US govt to guarantee the depositors against the failures of an FDIC insured banks. FDIC insurance covers checking accounts, savings accounts, money market savings, IRAs, CDs and are insured upto USD 250'000.

Is my bank FDIC insured?

It is always good to know whether your bank is FDIC insured or not. Please refer to the official FDIC website: http://www.fdic.gov