WELCOME TO EHOST.COM.NP

Saturday, October 29, 2016

Difference between Swift BIC, IBan, Routing ABA and Bank Account types

ads space

In banking system there are few codes to recognize the real owner of account, those codes are Swift BIC, Iban and some time reference numbers, so after large research i found what these things are and what is difference between them.


Swift BIC or BIC


Swift BIC or BIC both are the same thing used for recognizing bank branches, these are not secrets and available for every one, swift BIC tell central bank that in which branch account of that person is located, every branch have its own specific code in number or letters, first letters tell about city and last letters about bank location.



swift-cod



IBan


iban



IBan (International banking account number) is account number generally used to recognize account personally, in most of countries bank provide Iban number to its user for receiving money in their account.


Routing Number / ABA


Routing number is 9 digit number used by US banks to identify financial institutions, ABA number is used for electronic automatic clearing houses (ACH) for online transfer and paying bills. Your ABA number may be differ from your routing number but mostly it is same as routing number.


routing-number-exp



Account Type


There are generally three main type of account, these are


  • Checking

  • Saving

  • Business

bank-terms



Checking Accounts


Checking account is simple account used for normal bank activities, bank charges are applied.


Saving Accounts


Saving bank account are those account in which people earn money by placing money in there account for more then month, six month or for year, this is generally interest based money which bank gain from people who take loan from them, it is not legally allowed in many religions like Islam.


Business Accounts


Business account are used for business purposes like debits, loans etc.


ads space
ADS SPACE

0 comments:

Post a Comment

Categories

Article How-to All Posts WordPress Android Web design Blogger Plugins CSS Google JQuery Plugins Programming Reviews Web Hosting Blogger Blogging Blogging Tips Tricks Web Development Facebook Git Internet Make Money Online Social Plugins Tips Tips and Tricks Tools Tutorials Windows WordPress Plugins Blogging Tips and Tricks Freebies GSM Google Analytics HTML How To's JavaScript Plugin Development S.E.O SEO SMS SmartPhone Social Media Tips amp; Tricks Top-Most Updates Webmaster Tools Whatsapp Applications Apps Blogger Basics Documentary Downloads Entertainment Gadgets Games Gmail Google AdSense Guest Post IPhone Make Money Blogging SVN Security Softwares Web Hosting Tips and Tricks Wordpress Tips Wordpress Tips and Tricks hostgator iOS Advertising Networks Advertising Technology Affiliates Antivirus Audience amp; Traffic Biography Blog post Blog post Blogger Blogger Errors Blogger Tips Blogger Tools Blogger Widget Blogosphere Bogger Widgets CSS selectors CSS symbols CSS3 Computer amp; Internet Content Writing Coupon Codes Data amp; Analytics Deleted blog Design DoubleClick for Publishers Email and newsletter marketting Email marketing Excel Tips Excel Tips and Tricks Facebook Tricks Feed Feedburner Feedburner subscribers Font Fun GitHub Giveaways Gmail primary inbox Gmail tabs Google sign-in Guides HTML amp; CSS HTML5 Infographics Inspirational Instagram Internet Marketing Internet Tips amp; Tricks Job Listings Knowledge Life Hacks Lists Make-Money Monetization amp; Conversion Monetize Navigation Online Marketing Other PHP Tutorials Passport Publishing amp; Content Quotes RSS Sidebar Smartphones Social Networking Status Tech Tech Blog Technology Telegram Themes UI / UX User Psychology amp; Research VB.Net Web Tools Web browser Widget Windows Tips Windows-10 ad viewability admin notice blogging tools bluehost cherry-pick clone cors custom scrollbar customizer dismissible notices duplicate post feed title git branch git clone gpg gpg2 hybridauth iPad icon font notice responsive wordpress theme same origin policy scrollbar signed git commit smartsvn theme customizer vcs wordpress theme wordpress themes

Blog Archive