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.
The Bank Routing Number is used in the United States, while IBAN is used in 28 other countries. The other difference is that the Routing Number specifies only the bank of the account. This number usually precedes the account number. IBAN (International bank account number) is used when transferring funds internationally. It identifies the country, the account holder's bank and the account number itself.