If you have been banging your head in search of the Bank of America wire routing number, then’ read this article that has simplified how to find it. Not just that, the post also contains the Bank of America wire routing number as well as its uses. Read with me and digest all the information contained therein.
Sending money online has long replaced the process of traveling a long distance to send money to someone. Now it is easy to send money between States, countries, and even continents with ease. Thanks to modern banking technology. And one of those banks that can be used for sending money from place to place is the Bank of America.
Bank of America is one of the biggest banks in the United States that carry out all banking activities including wire transfers. In this article, we are going to discuss “Bank Of America Wire Routing Number“. You will get to know the number at a glance after reading this. Let us begin by understanding the terms that make up the topic of discussion.
What Is A Wire Transfer?
A wire transfer is an electronic method of transferring funds between people or institutions via a network that is administered by bank wire transfer service agencies around the world¹. Wire transfers are of two types. They are Domestic and International wire transfers.
A domestic wire transfer is that which involves sending and receiving money between two banks in the same country. It could be between two states or even in the same state. International wire transfer on the other hand involves sending and receiving money between two countries.
What Is A Routing Number?
A routing number is a nine digits code used for identifying banks and financial institutions in the United States. The routing number is also called Transit Number, ABA routing number, RTN, etc. The routing number helps to differentiate one bank from another when making or processing transfers hence it is a unique code.
No two banks have the same routing number except if there is a merger. While some banks have just one routing number that is used for processing all transactions, others have 2 or more routing numbers. Bigger banks have routing numbers for different transactions and different states.
It is important to note that the idea of routing numbers was introduced in the 1900s by the American Bankers Association (ABA) as a solution to the problem of displacement of funds during transfer. No wonder it is sometimes called ABA routing number.
Therefore, you can see that a wire routing number is that kind of routing number that is set aside for processing wire transfers. It is in this light that we want to look at Bank of America wire routing numbers. Before then, see the uses of a routing number in the next section.
Uses Of A Routing Number
Routing numbers are used for several types of financial transactions. As much as it involves moving money between accounts, banks, or countries, then you are going to use a routing number. More specifically, see some of the transactions that require the use of a routing number below.
- Automatic payment of bills.
- Setting up Direct Deposit.
- Check Payment.
- Receiving salaries, taxes, and other government benefits.
- Processing ACH transfers.
- Processing Wire transfers.
Does Bank Of America Have A Wire Routing Number?
Yes, Bank of America does have a wire routing number. Bank of America is one of those banks like Wells Fargo that has several routing numbers for different transactions. Hence the Bank of America routing numbers for ACH transfers are different from the Bank Of America wire routing number.
The Bank of America wire routing number is set aside for processing wire transfers only. As we move on, I will show you the Bank of America wire routing number. Let’s move on.
How Many Bank Of America Wire Routing Numbers Are There?
There is just one Bank of America wire routing number. This is the number that is used for processing any form of wire transfer that concerns the Bank of America.
So irrespective of the type of wire transfers that you intend to make, there is just one Bank of America touring number for that purpose. See the number below.
Bank Of America Wire Routing Number For Domestic Wire Transfer?
The Bank of America wire routing number used for domestic wire transfers is 026009593. So if you want to make a wire transfer that involves Bank of America within the United States, 026009593 is the number to use.
Remember we said that there are two types of wire transfers and that domestic wire transfers involve different banks of the same country. So what then is the Bank of America wire routing number for international transfers? See it in the next section.
Bank Of America Routing Wire Number For International Wire Transfer?
The next form of wire transfer is the international wire transfer. This is the type that involves sending money from one country to another. And if you have been following each paragraph of this work, you will discover that I noted above that there is only one Bank of America wire routing number.
By implication, the Bank of America wire routing number used for domestic wire transfers Is the same as that for international wire transfers. And the number Is 026009593. However, for international wire transfers, you will need to use SWIFT Code alongside the 026009593 routing number.
How To Find Bank Of America Wire Routing Number
If in doubt, you can find the Bank of America wire routing number using the following avenues.
Bank Of America Online Banking Website
The first and best way to find the Bank of America wire routing number is on the online banking center of the bank. Visit the Bank of America online banking center, type “wire routing number” on the search bar, and search. You will find the number there.
On The Website Of The Federal Reserve
Another way to find the Bank of America wire routing number is by visiting the official website of the Federal Reserve also called Fedwire. Enter the name of your bank and you will find its routing numbers.
By Visiting Your Bank
You can also pay a visit to the nearest Bank of America branch to inquire about the routing number.
By Calling Bank Of America Customer Service
Lastly, place a call to Bank of America customer service and you will be given the Bank of America wire routing number. The number to call is 009 1 315-724-4022.
So far we have explained and shown you the Bank of America wire routing number for both domestic and international site transfers. I hope after now you will have no other doubt about the number and how to find it.