Where is Routing Number located on the Check?
Are you curious on where exactly the routing number in located on your check? Well, frankly speaking this should not bother you if you possess deluxe checks or cool checks like Superman checks, Disney checks or even if you have cheap checks. This is because the account information on your checks will always be in […]
What Is a Check Routing Number?
Did you ever notice the 9 digit number on the bottom left-hand corner of your checks? Many people are curious about it. Researches say almost 50,000 people search for routing number related terms in search engines every month. The ‘routing number‘ is synonymous to ‘transit number’ and ‘aba number.’ It always comprises of a 9 […]
How Online Money Transfers Work
In this century no one uses the old-fashioned concept of wiring money. Rather with the infusion of modern technology in banking, electronic funds transfer has come up. You surely must be using EFT for all kinds of transfers. It is a very simple and handy way to transfer money from one bank account to another […]
Essential Bank Details for Making Money Transactions Safe and Easy
International Organization for Standardization (ISO) came up with the unique BIC code to identify banks and their respective branches. These codes are only issued to those financial institutes who conduct business between banks, make interbank transactions and wire transfers. BIC code generally comes with 8 or 11 digits, both with a meaning of its own. […]
What Is Bank Wire Transfer?
Wire transfer is simply the electronic transfer of money. Wire transfers can be made with any entity irrespective of its size. Many a time banks transfer a huge sum of money between themselves via wire without any actual money being moved. All accounting procedures for these types of transactions are made electronically. This has been […]
A few ways to get your SWIFT code
SWIFT code is a standard code of 8-11 characters used by banks to transfer money overseas. While sending payment overseas this code helps you to identify the receiving (beneficiary) bank or financial institution. Below are a few tips on how to get a SWIFT code without troubling yourself much: Always use an active SWIFT/BIC code. […]
Difference between SWIFT code and Routing Numbers
SWIFT code or Society for Worldwide Interbank Financial Telecommunication and routing numbers are both used for financial affairs. They are used to identify bank transactions both nationally and internationally. Certain banking institutes use them for identifying their respective bank accounts, while some consider SWIFT code and routing numbers to be the its trademark. But in […]
Why the rupee keeps losing its value and what it means for your budget
The rupee value against US dollar has always been on the low due to domestic weaknesses. But it was raised to a certain extent in the past two years. Sadly, the difference is increasing again. This time it is because of the global influence. On May 29, the rupee’s value against the dollar lowered to […]
What you need for an International Money Transfer
International Money Transfer has a set of rules and requirements that will enable you to perform your transfer with ease. Following are the requirements: Your full name and street address (not PO Box) The recipient’s full name and street address (not a PO Box), bank name and account details (for example IBAN, Sort Codes, or […]
SBI cuts rates on bulk fixed deposits
State Bank of India (SBI) customers has good news. It was announced on Monday that they will give reduction in interest rate on fixed deposits of maturity up to one year by 0.25 per cent to 7.25 per cent. SBI in one of its statements said that, “It has been decided to revise downwards by […]
