What is the „International Routing Code” and when is it used? - IntrebBT | Banca Transilvania
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What is the „International Routing Code” and when is it used?

It is a code of correspondent banks from the USA, very similar to the international system SWIFT, which allows financial institutions to send and receive information about transactions securely and in a standardized format. 👍

This code is useful at the moment when you make a money transfer from the USA. ÎEvery second a large number of withdrawals and deposits are made.

Most people regularly use some form of electronic funds transfer for payments addebito diretto or automatic deposits of a payment check for example. 🌐

Without the code „Routing Internazionale”, the process of transferring money for individuals and legal entities would be a very slow and inefficient one.

Practically, this provides an electronic address for the bank to which the transfer is made. 😉

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