Bank Code Usage Flashcards
6 cards from real Bank Code practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Bank Code Usage flashcards as text
When setting up direct deposit for a US paycheck, which two pieces of information are always required?
Answer: ABA routing number and account number
Setting up direct deposit in the US requires your bank's ABA routing number and your specific account number.
For a domestic US wire transfer, which routing number should you provide?
Answer: Wire transfer routing number
Domestic US wire transfers require the wire transfer routing number, which may differ from the ACH routing number used for electronic payments.
When paying a US bill online via bank transfer, which routing number format is typically used?
Answer: ACH routing number
Online bill payments via bank transfer use the ACH routing number, as ACH is the standard network for electronic bill payments in the US.
To receive an international wire transfer into a US bank account, what code does the sender typically need?
Answer: SWIFT/BIC code (and sometimes IBAN)
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.
Which code is required when making a payment via Venmo or Zelle that is linked to a bank account?
Answer: ABA routing number and account number are linked during setup
When linking a bank account to Venmo or Zelle, you provide your ABA routing number and account number during the initial setup process.
What happens if you provide the wrong routing number when setting up a direct deposit?
Answer: The payment may be rejected, delayed, or deposited into the wrong account
An incorrect routing number can result in a rejected payment, a delay while it is returned, or — if the wrong number is valid — deposit into an unintended account.