What is Fedwire and ABA number?

Fedwire is the U.S. interconnected reserve clearing system, mainly used to handle the transfer of U.S. dollars within the United States, is the backbone of the U.S. dollar payment clearing and the basis of the U.S. domestic funds transfer, is generally based on the Fedwire clearing system, due to the different processing mechanisms of different countries’ currency clearing systems, so the requirements of the remittance code is different, the code in the FEDWIRE system ABA, ABA is the American Bankers Association English abbreviation, usually 9-digit word, equivalent to the United States domestic bank line number, ABA is mainly used to ensure that the money runs to which bank, the U.S. dollar to the intermediary bank, the intermediary bank according to which payment to the final recipient bank, ABA is usually used in the United States and North American banks, each U.S. banks have a “U.S. Each bank in the U.S. has a “U.S. ID number” ABA number, CBiBank’s ABA number is: 021508125.