Money transfers between US, EU and Asia

   Money transfers have always been a comfortable service for international money operations, business abroad or immigration/emigration. But, as some of you may know when dealing with banks that do international money transfers you must have both sender and receiver bank account information for you to get the funds from one account to another, no matter if you use Transfermate or do a private bank transfer. So basically you get to the point of completing some documents and applications for the particular transaction and you may run onto details that actually are different for banks in the United States, in Europe (EU - European Union) and in Asia. The differences actually come from the specific bank systems worldwide and namely the European the American and the Australian.
   Here are the main specific details for those three bank account identification systems, or in other words the numbers you'll need to fill in money transfer applications to/from Australian, American and/or European banks.
   Regarding the US system of wire transfers the main thing you should know is that they do not use the same numbers for identification like in Europe and AU. The main bank account id number is called there Routing Transit Number (RTN), and is being used in the States for almost 70 years (which acutally does not speak well for the system by anyway..). So that is the most important number for you to fill in in order to identify which bank account you are using (no matter for sending or receiving money in/to it). This number (the RTN) is a nine-digit code representing the information as it follows:

    XXXXYYYYC
    XXXX - Federal Reserve Routing symbol
    YYYY - Financial institution identifier (in brief Bank ID)
    C - Check Digit
    So as you can see this number has a lot of disadvantages compared to the ISBN code, and may     be because of its age it actually does not include any personal account identifier or whatsoever.

   The IBAN money transfer bank code. This code shortened after International Bank Account Number and it is mainly used in Europe and some other countries identifying the country, the swift code the bank account number and the district the bank is at.
The code scheme is like this:

    kk BBBB SSSS CCCC CCCC CCCC

  With:
     - the country abreviation (e.g. EN for England, AU for Austria)
    kk - a number prefix for the discrict area
    BBBB - Particular bank transfer code
    SSSS - Sort code
    CCCC CCCC CCCC - Account number


   BSB (Bank State branch) code is the code that you'll need when filling a money transfer form for Australian bank account information. The system in AU uses only this code when making international transactions to or from the Oz.

   The format of the code is as follows:
First two digits specify the parent financial institution.
Third digit specifies the state where the branch is located
Fourth, fifth and sixth digits specify the branch

    For example, the BSB "033088" actually breaks down to the following:
   03 = Westpac Banking Corporation
   3 = Victoria
   088 = 383 Chapel Street, Prahran