Bank Code Bank Code Usage 1

Question 1

When setting up direct deposit for a US paycheck, which two pieces of information are always required?

Accepted Answer

ABA routing number and account number

Answer

Setting up direct deposit in the US requires your bank's ABA routing number and your specific account number.

Question 2

For a domestic US wire transfer, which routing number should you provide?

Accepted Answer

Wire transfer routing number

Answer

Domestic US wire transfers require the wire transfer routing number, which may differ from the ACH routing number used for electronic payments.

Question 3

When paying a US bill online via bank transfer, which routing number format is typically used?

Accepted Answer

ACH routing number

Answer

Online bill payments via bank transfer use the ACH routing number, as ACH is the standard network for electronic bill payments in the US.

Question 4

To receive an international wire transfer into a US bank account, what code does the sender typically need?

Accepted Answer

SWIFT/BIC code (and sometimes IBAN)

Answer

To receive international wires, you provide your bank's SWIFT/BIC code; some countries also require an IBAN, which US banks can provide upon request.

Question 5

Which code is required when making a payment via Venmo or Zelle that is linked to a bank account?

Accepted Answer

ABA routing number and account number are linked during setup

Answer

When linking a bank account to Venmo or Zelle, you provide your ABA routing number and account number during the initial setup process.

Bank Code Practice Test