Personal Finance

2 min read

February 08, 2021

E-Trade Bank Routing Number

Find your E-Trade routing number and everything else you need to know to send money in the USA and abroad

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Your E-Trade Bank Routing Number plays an important role in directing where your money should go. It identifies a particular financial institution and can streamline transactions like direct deposits or making payments. You can easily find your routing number on this page, on your checks or by logging into your online account.

E-Trade Routing Number

E-Trade Routing Number for Domestic Wire Transfers - 256072691

E-Trade Routing Number for International Wire Transfers - 256072691

Different Types of Routing Numbers

Your routing number is used to identify a particular financial institution. But some big financial institutions can have various routing numbers that may be based on the state you hold the account in.

On top of that, there can be different types of routing numbers based on the specific action. For example, there can be different routing numbers for wire transfers than ACH or direct deposit.

Routing Number vs Account Number

Your routing number isn’t the only important number when it comes to managing your finances. Your account number plays an important role as well.

When completing financial transactions, you’re typically asked about your routing number and your account number. But what’s the difference?

The routing number is the identifier of the bank or financial institution, whereas your account number refers to your specific financial account. So an account number can represent your personal checking account, for example.

So your routing number is kind of like your address and your account number is like an apartment number, showing which specific one it is.

Where to Find the Routing Number on a Check

Though checks are going out of fashion in favor of digital tools for payments, you might still need to use one from time to time. Your checks have your routing number on them. If you need to find your routing number on a check, look at the 9-digit number in the bottom left-hand corner. That is your routing number, but it’s just the nine digits.

Routing Number vs Swift Codes vs IBANs: What's the Difference?

Routing numbers are used for financial transactions in the U.S. to identify the financial institution. But there are also other codes that do something similar but in different places outside of the U.S.  

For example, there are SWIFT codes. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.

SWIFT codes are used when sending or receiving money from abroad and are similar to a routing number. SWIFT codes identify a particular financial institution.

IBAN, or International Bank Account Number, refers to a specific country and account, so it’s similar to an account number though not a replacement for one. SWIFT codes and IBANs are used to manage overseas payments, whether you’re sending or receiving.  

So you might see the terms ‘routing number’ and ‘account number’ when referring to payments sent and received in the U.S., but you’ll see terms ‘SWIFT codes’ and ‘IBAN’ for international payment transactions.

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