Timeline for Is it possible to send money to my friend in the US using a wire transfer?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
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| Jun 14, 2021 at 20:39 | comment | added | RonJohn | @gidds the routing+account number combo is continent-spanning, which allow someone in Los Angeles to seamlessly send money to someone who is as far from them as the Ural Mountains are from the Bay of Biscay. It's been that way for 50 years. | |
| Jun 14, 2021 at 20:28 | comment | added | gidds | @RonJohn Oh, indeed. And they're not unrelated. Each country defines its own format for IBANs, but in some cases it explicitly includes bank/branch/routing codes. | |
| Jun 14, 2021 at 20:18 | comment | added | RonJohn | @gidds IBANs are "only" one number, because they are long numbers. | |
| Jun 14, 2021 at 20:16 | comment | added | gidds | …Some countries keep separate codes for the bank and the branch; while in others (such as EU countries) bank accounts are identified by IBANs and so need neither. | |
| Jun 14, 2021 at 20:15 | comment | added | gidds | The generic term for the routing number is National Clearing Code (NCC); it identifies both the bank and the individual branch. In the UK, for example, it's the sort code; in Australia, New Zealand, and South Africa it's the BSB (Bank State Branch) code; and in the USA it's also known as the ABA (American Bankers Association) code… | |
| Jun 14, 2021 at 14:26 | comment | added | Fattie | the whole QA is very confused / confusing. to literally Send A Wire Transfer from Europe to someone in the US, you need ~ 6 pieces of information. It's an old-fashioned messy system. | |
| Jun 14, 2021 at 3:03 | history | answered | RonJohn | CC BY-SA 4.0 |