Banking and payment rails

ACH (Automated Clearing House) is the US bank-to-bank batch payment network for direct deposits and direct debits, settling in 1 to 3 business days at much lower cost than a wire t...

An IBAN (International Bank Account Number) is a standardised account identifier of up to 34 characters (country code, two check digits, and the local account number), used to rout...

A sort code is a 6-digit identifier (formatted as three pairs, XX-XX-XX) for UK banks and their branches, paired with an 8-digit account number to route domestic UK payments throug...

SWIFT/BIC (Business Identifier Code) is an 8 or 11-character code that uniquely identifies a specific bank (and optionally a branch) on the SWIFT network, used alongside an IBAN to...