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What does the bank institution code mean?
Equivalent to the bank's ID card. Each bank has its own independent organization code, which is convenient for banks to distinguish from each other. Just like an ID card, you can see where the bank is.

1. You can call the bank's customer service hotline for consultation.

2. You can check in the banking service outlets.

3. Generally, it is not necessary to remember the bank institution code unless there are special circumstances.

1. Bank (financial institution engaged in monetary and credit business according to law)

Banks are financial institutions established in accordance with the law to operate monetary credit business, and they are the products of the development of commodity monetary economy to a certain stage.

Banks are a kind of financial institutions, which are divided into central banks, policy banks, commercial banks, investment banks and the World Bank.

Central Bank: The National Bank of China is the central bank of China.

State-owned policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China Development Bank.

State-owned commercial banks: including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications.

Investment banks: Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, UBS Group AG, Societe Generale, etc.

World Bank: In order to help countries overcome poverty, institutions play a unique role in the mission of reducing poverty and improving living standards.

2. Commercial banks

A. The World Bank

The World Bank, commonly known as the World Bank Group, has always used the name "World Bank" to refer to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

These institutions jointly provide low-interest loans, interest-free credits and grants to developing countries. This is an international organization, whose initial mission is to help rebuild the country destroyed in the Second World War.

Today, its task is to provide funds for the country's efforts to overcome poverty, and institutions play a unique role in the mission of reducing poverty and improving living standards.

B. Citibank, Citibank USA

Citibank (NA) is a retail bank under Citigroup, which was established in June 2002 18 16. After nearly two centuries of development and mergers and acquisitions, it has become the largest bank in the United States, with branches in nearly 50 countries and regions around the world, and its headquarters is located at 399 Park Avenue, new york.