Silicon Valley Bank is a well-known financial institution that offers various banking services and products.
One of the most important numbers to know when banking with Silicon Valley Bank is the bank’s routing number.
Understanding the routing number is essential for setting up direct deposits, online transfers, and more.
In this blog post, we’ll give you an overview of the Silicon Valley Bank routing number and highlight some of the other significant numbers associated with Silicon Valley Bank. Let’s get started!
What Is Silicon Valley Bank Routing Number?
The Silicon Valley Bank routing number is a nine-digit code used to identify the financial institution behind a transaction.
It’s used with the customer’s bank account number to route money to and from banks, credit unions, and other financial institutions.
The routing number for Silicon Valley Bank is 121140399 and 121145145.
You must have the correct routing number to ensure that your transactions are secure and prosperous.
You can use this code for direct deposits, wire transfers, and other automated transfers, such as bill payments.
If you are making a payment or transfer to or from Silicon Valley Bank, you will need to provide the routing number for accurate and timely processing.
It’s important to note that the routing number for Silicon Valley Bank is different from the routing number for other banks or financial institutions.
Contact customer service such as Silicon Valley Bank phone number at 1 (800) 774-7390 for further assistance if you are still determining which routing number you should use for a particular transaction.
How to Find a Silicon Valley Bank Routing Number?
You’ll need to know the bank’s routing number if you’re looking to transfer funds to or from a Silicon Valley Bank account. Luckily, finding the routing number for a Silicon Valley Bank account is relatively easy.
Online
The routing number can also appear online, on the bank’s website, or by calling the customer service line.
- Virtual bank teller: If you have online banking with your bank, you can use that to find your bank’s routing number by logining Silicon Valley Bank.
- Written confirmation of monetary transactions, such as a bank statement or check. Please refer to the leftmost portion of your check’s bottom to verify.
- Help for banking clients: It is possible to obtain your bank’s routing number by contacting customer care.
- Fedwire/American Bankers Association: The Federal Reserve and the American Bankers Association both provide websites where you may search for your bank’s routing number.
On paper check
The routing number, also known as an ABA number, can be located on the bottom of any check or deposit slip issued by the bank.
It is important to note that the routing number will differ for Silicon Valley Bank customer service of each branch, so ensure that you use the correct one for your particular department.
When Will You Need The 121140399 Routing Number?
You will need this routing number to set up direct deposit, automatic loan payments, or regular transfers such as bill payments.
It’s also requirable for ACH (Automated Clearing House) transfers between accounts and the IRS to receive tax refunds or make tax payments.
Routing numbers are only needed for direct deposits and withdrawals and never for making purchases using a debit or credit card.
When Will You Need The 121145145 Routing Number?
This Silicon Valley Bank routing number is a vital identifier used to enable financial transactions, such as direct deposits and bill payments.
Suppose you are an account holder at a financial institution. In that case, you will need this routing number when setting up direct deposits, paying bills through ACH payment, or transferring funds between accounts.
Additionally, you may have to provide this routing number if you make a wire transfer, order checks, or set up a new account.
It is important to note that you can only use a routing number for financial transactions inside the United States. Any international transactions will require a different routing number or a different type of account identifier.
Differences Between Silicon Valley Bank Routing Number FedACH & Fedwire Credit Transfers
Silicon Valley Bank offers two secure and reliable ways to transfer money electronically: FedACH and FedWire credit transfers.
Understanding their differences can help you choose the best option for your business.
FedACH
- FedACH is a nationwide electronic payment system that allows for low-value transactions to be sent quickly and securely.
- This system usually receives payments within 1-2 days and does not require the recipient to have an SVB account.
Fedwire
- FedWire is a secure electronic network used to transfer funds between financial institutions.
- This system usually receives payments within a few hours, but the recipient must have an SVB account to receive the fund.
- Fedwire credit transfers are ideal for higher-value transfers and are generally processed more quickly than FedACH. However, the cost is usually higher.
How are SWIFT/BIC Codes, IBANs, Sort Codes, and Routing Numbers Different?
To transfer or receive money with Silicon Valley Bank, you must know the bank’s routing number (ABA), SWIFT/BIC code, international bank account number (IBAN), and sort code.
Below are the differences between them:
A SWIFT / BIC code
- It is an eight or 11-digit number used to identify a specific bank or financial institution anywhere in the world.
- In contrast to routing numbers, these codes are necessary for all international transactions.
International Bank Account Numbers (IBANs)
- They are unique identifiers for international bank accounts, including details on the issuing country, financial institution, and account holder.
- Eurozone banks are the primary issuers, but they are gaining popularity elsewhere.
Sort Codes
- The UK uses 6-digit “Sort Codes” to identify the bank and branch where an account contains when making domestic transactions.
Routing Number
- When sending or receiving domestic ACH payments or wire transfers within the United States, the nine-digit code known as a “routing number” is required.
- These are unnecessary when sending money to a country other than the US.
Transit Number
- Canada’s electronic financial transfers employ a “transit number,” a nine-digit code.
- They detail the Canadian financial institution and branch where you wire your money.
Conclusion
The Silicon Valley Bank routing numbers are 121140399 and 121145145.
Individuals, businesses can use these numbers, and other financial institutions to facilitate secure and reliable funds transfers.
Everyone must know their bank’s routing number to ensure they can transfer their funds without any issues.
Knowing the Silicon Valley Bank routing number is crucial for anyone who wants to transfer money with ease and safety.
Thank you for reading!
