Do Pakistani banks provide routing numbers or sort codes? It is a question that is the most often asked and answer is searched for, but people don’t find the answer, in this article you will find the accurate answer that undoubtedly will bring satisfaction to the readers.
A routing number is the need of every active freelancer who earns a handsome amount at the end of each month. So, the importance of routing numbers cannot be denied due to its need in online businesses
It is the question that is asked the most if you are online earners, and surely you will be so excited to know the answer, but before we talk about routing number let’s first talk about routing number.
What is a routing number?
A nine-digit identifier called a routing number is used to identify a financial institution in the US. Routing numbers are used by banks to control the transfer of money between them. The routing number is normally located in the lower-left corner of most personal cheques.
The American Bankers Association (ABA) invented routing numbers in order to facilitate the widespread distribution of paper cheques. You can find them on personal checks, bank websites, or the ABA’s online database. They are also known as ABA routing numbers or American Clearing House (ACH) routing numbers.
Routing number in Pakistan:
Now, let’s come back to the question which you are so much interested in to know. As you have read above routing numbers were initially designed for the USA to facilitate or smoothen the cheque processing, but later it was adopted by many countries including some Asian countries, and India is one of them.
Pakistani banks do not provide routing numbers instead they provide IBAN and swift codes, which are alternatives to routing numbers but still in some places you need to provide routing numbers as without routing numbers you cannot get your earnings.
What is the solution?
There is no routing number and IBAN cannot be the complete alternative and solution then the question that comes to mind is what to do.
There is surely a solution to the problem and that is Payoneer.
Yes, Payoneer is the only solution to this problem, because Payoneer provides you with three international bank accounts. First a bank account of the USA, second UK, and third European Union.
So, you need to just login into your Payoneer account and get your routing number or sort code.