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What’s The State Street Bank Routing Number?
A customer of State Street Bank requires a State Street Bank Routing Number to make any transaction. Everyone needs a routing number to make any monetary transaction (offline or online). People and banks use routing numbers to identify the financial institution behind the transaction. The primary function of a routing number was to help in sorting, bundling and shipping paper checks. But its functionalities had to be widened to incorporate new transaction methods (like ACH and wire). This article discusses how to find out the State Street Bank routing number or what is the routing number for State Street Bank?
The table given below shows all State Street Bank Routing Numbers.
State Street Bank ABA Routing Transit Numbers (RTN)
Here is the state wise list of State Street Bank Routing Number for Checking Account and Savings Account.
S No. Region/State Postal Abbreviation Routing Number
1 Massachusetts MA 011000028
2 Massachusetts MA 011307158
What is an ABA Routing Number?
An ABA Routing Number (ABA RTN) or Transit Number is a nine-digit code used in the US. It helps to identify the financial institution in a transaction. As mentioned earlier, the financial institutions uses routing numbers to help in sorting, bundling and shipping paper checks. But now, the ABA routing number incorporates new payment methods like ACH and wire.
The Federal Reserve Bank uses ABA RTN to process Fedwire fund transfers. Automated Clearing House uses it to process direct deposits, bill payments and other transfers. The American Bankers Association originally developed the ABA RTN system in 1910. The Association, since 1911, has partnered with several registrars (currently Accuity) to manage the RTN system.
At the moment, there are approximately 26,895 active ABA RTNs in use. Each financial institution in the US has at least one of these. The Routing Number Policy allows a financial institution to have up to 5 routing numbers. However, due to many mergers between institutions, a bank may have more than 5 routing numbers.
What’s the State Street Bank SWIFT Code?
State Street Bank employs SWIFT Code to make all its international transaction. Every bank and financial institution needs SWIFT code to make international transactions.
The SWIFT Code for State Street Bank is- SBOSUS33
What is a SWIFT Code?
Like Routing Numbers, people use the unique Swift Codes to identify a financial institution. Banks use Swift Codes mainly for international transactions. Society for Worldwide Interbank Financial Telecommunication (SWIFT) designed the Swift Code system. The International Organization for Standardization (ISO) later approved the system. At the beginning, everyone knew the system as Swift Code, but it was standardized as BIC or Business Identifier Codes. Both the terms are in use today and they mean exactly the same. Sometimes people refer to the code system as Business Entity Identifier or BEI also.
Usually, web banking applications require swift codes for money transfers between two different banks. These banking apps not only ask people to provide the beneficiary’s bank account number, but also provide the correct swift code of the beneficiary’s bank branch.
Things To Know About State Street Bank
State Street Bank is the second oldest financial institution in the United States. It was the year 1792 when State Street bank was founded. 60 years later Wells Fargo bank was founded which went on to become one of the Big Four US Banks. However, you need the Wells Fargo Routing Number to make various monetary transactions. State Street’s past goes back to Boston banking industry’s founding days. In 1924, State Street became the custodian of the first US mutual fund. The mid-1900’s marked State Street’s rapid growth due to a number of mergers and acquisitions. When William Edgerly took control in 1975, the bank began heavily investing in technologies for securities management and custodian processing.
The current address of State Street Bank Headquarter is:
225 FRANKLIN STREET, BOSTON, MASSACHUSETTS, 2110