Busey Bank has a unique routing number for each state it operates in, so you'll need to check which one applies to you.
The routing number for Illinois, where Busey Bank is headquartered, is 071000039.
To wire transfer money using Busey Bank, you'll need to provide the recipient's account information, including their routing and account numbers.
Busey Bank's wire transfer cut-off time is 4:00 PM Central Time, so make sure to initiate your transfer before then.
The wire transfer fee for Busey Bank is $20 for domestic transfers and $45 for international transfers.
If you're unsure about the routing number or wire transfer details, you can contact Busey Bank's customer service team for assistance.
Worth a look: Busey Bank Stock Price
What is a Routing Number
A routing number is a unique identifier for financial institutions in the US. It helps identify the specific bank associated with a certain account.
In the US, routing numbers are used for various financial transactions, such as electronic funds transfer, direct deposit, and tax payments. This includes electronic automatic clearing house (ACH) transactions.
Worth a look: Us Banks Routing Numbers List
A routing number is made up of 9 digits, which provide specific information about the bank. Here's a breakdown of what each digit represents:
Busey Bank's routing number is 071102568, which can be used for various financial transactions.
Types of Wire Transfers
Busey Bank customers can receive wire transfers into their accounts, but there are different processes for domestic and international transfers.
Domestic wire transfers require customers to provide the sending financial institution with specific details, including the bank name, routing number, address, beneficiary's name, and account number.
To receive a domestic wire transfer, you'll need to give the sending institution Busey Bank's routing number, which is 071102568.
The bank's address is also important, as it needs to be CHAMPAIGN, IL 61820.
Here are the details you'll need to provide for a domestic wire transfer:
International wire transfers, on the other hand, require a Swift Code, which is BUYEUS44.
To receive an international wire transfer, you'll need to provide the sending international financial institution with Busey Bank's Swift Code, bank name, routing number, address, beneficiary's name, and account number.
The routing number for international wire transfers is the same as for domestic transfers, 071102568.
The bank's address remains the same, CHAMPAIGN, IL 61820.
A unique perspective: What Is a Iban Number
Using Busey Bank
To find your Busey Bank routing number online, you can log into your account through Busey Bank online banking. The Busey Bank routing number you should use depends on the state in which you opened your account and the type of transaction.
You can also find your Busey Bank routing number by checking the bottom-left corner of your check. The routing number is usually located in the bottom-left corner.
Busey Bank has 60 offices in 4 states, and you can access your account information online through busey.com. The bank's routing number is ACH & Wire - 071102568.
Additional reading: Busey Bank Merger
Here's a breakdown of the first four digits of the ABA/Routing Number assigned by the Federal Reserve Routing System and how they represent the bank's physical location.
- The first four digits of the ABA/Routing Number represent the bank's physical location.
- The next two digits designate which Federal Reserve bank the institution's electronic and wire transfers will route through.
- The seventh digit indicates which Federal Reserve cheque processing center was initially assigned to the bank.
- The eighth digit of the Routing number designates which Federal Reserve district the bank is in.
- The ninth digit provides a checksum, a complicated mathematical expression using the first eight digits.
The checksum is used to flag and reroute transactions for manual processing if the end result does not equal the checksum number.
Broaden your view: Bofa Wire Transfer Routing Number
Wire Transfer Process
If you're looking to send or receive money through Busey Bank, you'll need to understand the wire transfer process.
To receive domestic wire transfers, you'll need to provide the sending financial institution with your Busey Bank account information, including your account number and name.
Busey Bank account holders can receive and send both domestic and international wire transfers. Both incoming and outgoing wire transfers attract a processing fee for all account holders in Busey Bank.
To receive domestic wire transfers, you'll need to provide the following details: Bank Name – Busey Bank, Routing Number – 071102568, Address of Bank – CHAMPAIGN, IL 61820, Beneficiary’s Name – Your name, and Beneficiary’s Account Number – Your Busey Bank account number.
Explore further: Busey Bank Rantoul Illinois
Here are the details you'll need to provide to receive international wire transfers:
- Swift Code: BUYEUS44
- Bank Name – Busey Bank
- Routing Number – 071102568
- Address of Bank – CHAMPAIGN, IL 61820
- Beneficiary’s Name – Your name
- Beneficiary’s Account Number – Your Busey Bank account number
To send wire transfers, you'll need to initiate the transfer from your Busey Bank account, and a processing fee will be applied.
Bank Information
Busey Bank is a Federal Reserve Non-member Bank, which means it's not part of the Federal Reserve System. You can verify this by checking their bank type.
Busey Bank is insured by the FDIC, with a certificate number of 16450. This is a great safety net for customers, as it protects their deposits up to $250,000 per account ownership type.
To access your Busey Bank account online, you can visit their website at busey.com. This will give you a secure way to manage your finances and view your account information.
Busey Bank has a total of 60 offices across 4 states. If you're looking to open an account or visit a branch, you can find one near you.
Here's a summary of Busey Bank's key information:
Featured Images: pexels.com
