I’ve been looking through info about electronic transfers of cash. I’ve only worked with APA routing numbers and SWIFT codes. There seem to be a bunch of different ways of doing this. Can you please explain the following terms to me:
APA Routing Number (seems to be an American standard)
SWIFT Code (this seems to be used by my European clients)
A/C Number
CHIPS ID#
Fed Wire Rt#
Telex
Are there any other types of identifying numbers I’m missing here? And how do these differ, and are all of them important?