US Bank Account

1. Money2India shows the ABA number of my bank as incorrect. What should I do?
2. Money2India shows the ABA number of my bank as incorrect. However my bank states that the ABA number is correct. What should I do?
3. I have a business checking account. Can I send money to India using e-Transfer from this account?
4. I have a money market account. Can I send money to India using e-Transfer from this account?

1. Money2India shows the ABA number of my bank as incorrect. What should I do?
In the United States each bank branch is provided with a unique 9 digit number by the American Bankers Association known as the ABA Number or Routing Number. Please check the correct ABA Number with your local US bank branch. You can also find the ABA Number from the check provided by your US bank. Click here to know more

2. Money2India shows the ABA number of my bank as incorrect. However my bank states that the ABA number is correct. What should I do?
Such a situation might arise if the ABA number as recorded with the Federal Reserve database does not match the ABA number as provided by your bank branch. We request you to contact your bank branch to get the correct ABA number as recorded with the Federal Reserve database.

3. I have a business checking account. Can I send money to India using e-Transfer from this account?
e-Transfer can only be used to send money from a consumer checking or savings account. You cannot use a business or a commercial account to send money to India using e-Transfer. This is not allowed as per the ACH rules and regulations.

4. I have a money market account. Can I send money to India using e-Transfer from this account?
You can send money to India using e-Transfer from your consumer money market accounts. However, for ACH transactions, US banks consider money market accounts differently. Some banks consider it as consumer savings accounts and some treat it as consumer checking accounts. Hence, you need to check with your US bank as to the classification accepted for money market accounts by them and accordingly select either consumer savings account or consumer checking account.