Bank of America Routing Numbers

Bank of America is the Bank of America Corp’s trade name for lending, dealing in certain financial instruments, and other commercial banking activities. The Bank of America Corporation’s banking affiliates, including Bank of America, N.A., Member FDIC, conduct these operations internationally. Bank of America, based in San Francisco, was established in 1998 through the acquisition of BankAmerica by NationsBank. After JPMorgan Chase, it is the second-largest banking institution in the United States and the eighth biggest bank in the world. In direct rivalry with JPMorgan Chase, Citigroup, and Wells Fargo, it represents about 10.73 percent of all American bank deposits. Its main financial services are corporate finance, wealth management, and investment finance. Global Wealth and Investment Management offers customer insight through a network of financial advisors focused on fulfilling their needs through a diverse range of investment management, brokering, banking, and retirement products.

Bank of America Routing Numbers

What is a Routing Number?

A routing number is a code of nine digits which is used to identify a US financial institution. It may also be known as an RTN, an ABA routing number, or a transit routing number. The American Bankers Association (ABA) had originally created routing numbers to streamline the distribution of paper checks on a large scale. Banks use routing numbers to guide the exchange of funds between themselves and from each other. Usually, most personal checks can be found at the bottom left corner with the routing code. A routing number indicates where the bank branch you opened your account is located. The other term is “Account Number,” it’s located at the bottom of your personal search, just to the right of your routing. Your bank account number is a unique identifier. One more is “Check Number,” the bottom right corner of your personal check includes a specific check number to help you keep a record of all the payments. Two routing numbers, such as ABA and ACH. ABA routing numbers are used for paper checks while ACH routing numbers are used for electronic transfer and withdrawals. You can get SWIFT and IBAN codes. Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a code defining the bank in a foreign transaction. For international purchase, the International Bank Account Number (IBAN) marks your personal account. Both SWIFT and IBAN were designed to standardize the financial institutions’ international identification systems.

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