LCR Measurement Primer. 2 of 85. Contents. Preface .......................................................................................................................
BIC + IBAN is not available in the United States of America, nor is it likely to be, with the decentralized structure of the US banking system and lack of nationwide banks. Electronic account-to-account transfers are often called wire or ACH transfers in the USA.
Why doesn't the US use IBAN? IBAN is the International Banking Account Number. It gives every account a unique string that identifies the country, the city where the account is held and the number of the account. It's now required for transactions in Europe, with a fee charged to transactions that aren't done with it.