Who are JPMorgan Chase & Co?

JPMorgan Chase & Co is a US multinational banking and financial service holding company based in New York City. It is the biggest bank in the United States and the sixth largest bank by total assets in the world.

The Company was formed in 2000 when Chase Manhattan Corporation merged with J.P. Morgan & Co. Historically known as Morgan, the investment banking, treasury & securities service, asset management, private banking and private wealth management division, all use the J.P. Morgan brand. The company uses the ‘Chase’ brand for its credit card services across the United States and Canada and for retail and commercial banking activities in the United States. Its retail and commercial bank and the corporate headquarters are situated at 270 Park Avenue in Midtown Manhattan, New Your City.

JPMorgan Chase, as we know today, is formed after a successful incorporation of a number of large U.S banking companies since 1996 which include Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual. Much further than this, the initial mergers included Chemical Bank, Manufacturers Hanover, First Chicago Bank, National Bank of Detroit, Texas Commerce Bank, Providian Financial and Great Western Bank. The Bank of the Manhattan Company is the 31st oldest bank in the world, which was established on September 1, 1799 by Aaron Burr and hence, makes it the oldest predecessor institution of the company.

 JPMorgan’s operations can be categorized into four sections:

• Consumer and Community Banking, or CCB
• Corporate and Investment Bank, or CIB
• Commercial Banking, or CB
• Asset Management, or AM

Consumer and Community Banking – This includes wealth management, mortgage banking and card service. JPMorgan is the number one credit-card issuer in the US. And it also holds nearly half of the US e-commerce volume.

Corporate and Investment Bank- This includes banking, lending and treasury services. JPMorgan also provides a fixed income, equity sales and trading along with other markets and investor services.

Commercial Banking- JPMorgan offers commercial lending, real-estate banking, middle market and corporate banking.

Asset Management- The bank gives private banking and investment management services to its customers.

Know Your JPMorgan Chase Swift Code

Swift Codes or BIC (Bank Identifier Codes) are used for International Wire Transfers and are unique for each bank. This identification code is needed when money transfers takes place between banks during international wire transfers. They are sometimes also used to exchange important messages between them.

The Swift Code is a code comprising of 8 or 11 characters. To send or receive money from another country to a JPMorgan Chase Bank NA in the USA, JPMorgan Chase SWIFT Code is required.

The format of a SWIFT Code is explained below.

AAAA BB CC DDD

First 4 Characters represent Bank Code consisting of only letters.

Next 2 Characters form the ISO 3166-1 alpha-2 country code consisting of only letters.

Next 2 Characters indicate the location code with letter and digits and the passive participant will have “1” in the second character.

The Last 3 Characters form the branch code which is optional.

At the moment, there are over 40,000 “live” Swift codes. The partners who are actively connected to the Swift Network use these “live” swift codes. On the other hand, there are more than 50,000 additional codes used for manual transactions by the passive participants.

The Swift Code registration is managed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The headquarters of SWIFT is at La Hulpe, Belgium.

The Swift Code for JPMorgan Chase Bank is CHASUS33

What’s the JPMorgan Chase Routing Number?

A Routing Number is a nine-digit number based on the location of your US bank account that is needed during a domestic wire transfer. These transfers include the following types: direct deposits, electronic payment, wire transfers, check ordering and others. These transfer types come under the ACH  or Automated Clearing House. Therefore, ACH and Wire Transfer form the two most extensively used transaction models where routing number plays a role.

JPMorgan Chase & Co is known for their professionalism and dedication to work. They will do anything that is within their grasp to satisfy the needs of their customers. This means each and every customer is given a high-value status and a top-notched service. JPMorgan Chase Routing Number is needed for whenever a domestic wire transaction is being made. This makes it important to know and fill the right routing number, in order to make a smooth transaction.

The table given below shows the state wise list of the JPMorgan Chase Routing Number in the country.