GLOSSARY

Routing number

What is the routing number?

An ACH routing number, also referred to as a routing transit number (RTN) or ABA routing number, is a nine-digit code used to identify banks in the United States, ensuring that funds are correctly routed for various types of transactions. This number is essential for handling domestic payments, such as direct deposits and bill payments, within the United States.

The routing number is visible in the account details within the secure section of a bank’s website or app, and also in the bottom-left corner of physical checks.

Requirements for international transfers

Since the routing number is only used for transactions within the United States, it cannot be used alone for international transfers.

For cross-border transactions, a SWIFT code, which uniquely identifies banks and their branches worldwide, is required. When transferring money internationally to or from the U.S., both the U.S. bank’s routing number and SWIFT code are typically needed.

Send and Receive USD with amnis

With amnis, you can send and receive USD through either ACH for local transactions or SWIFT for cross-border payments. You receive a virtual, domestic US account number in your company’s name for local USD collections, enabling you to process payments via local payment rails. For USD transfers outside the US, SWIFT payments are available.

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Explore related topics

ACH

ACH, or Automated Clearing House, is a local payment route in the United States that facilitates electronic money transfers between banks. It requires a local bank account or the use of local payment providers. ACH payments enable financial institutions to transfer funds electronically, bypassing traditional card networks like Visa and Mastercard. It’s commonly used for direct deposits, bill payments and other bank-to-bank transfers within the United States.

ACH payment

ACH payments are processed through the local ACH network in the United States, requiring a local bank account or the use of local payment providers. This method allows financial institutions to transfer funds electronically, bypassing traditional card networks like Visa and Mastercard.

BIC (Bank Identifier Code)

The Bank Identifier Code (BIC) is an internationally valid bank sort code defined by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Since the BIC code is issued by SWIFT, it is often also referred to as the SWIFT code.

Credit card

A credit card is a payment card that enables users to make purchases or withdraw cash using borrowed funds, rather than money from their own bank account. Unlike a debit card, which instantly deducts the transaction amount from a linked account, a credit card allows users to borrow up to a set limit and repay it later, usually with interest.

Debit card

A debit card is a payment card that enables users to make purchases or withdraw cash directly from their bank account, such as a checking or savings account. Unlike a credit card, which relies on borrowed funds, a debit card immediately deducts money from the user’s account when a transaction is made.

MT103

An MT103 is a standardised payment message issued by the bank within the SWIFT network, serving as an official confirmation of a completed transfer. It includes all relevant payment details, such as the date, amount, currency, and information about the sender and recipient. The MT103 document thus provides a reliable basis for transactions requiring payment confirmation, such as deliveries or services.

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About amnis

amnis offers a comprehensive platform for international banking, offering a range of tools in one place. Transfer money abroad, exchange currencies 24/7 and collect international money transfer with your own IBAN accounts supporting 20+ currencies. Founded in 2014 in Zurich, amnis is a regulated payment institution under the supervision of the Banking Supervision Section in Liechtenstein (FMA) within the EEA.

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