Hailey Johnson
Unlike banks in the US, Mexican banks do not use routing numbers. Instead, they use CLABE (Clave Bancaria Estandarizada), an 18-digit standardized bank code that is required for all domestic and international transactions. The first 17 digits of the CLABE contain the bank code, branch office code, and account number, while the last digit is a check or validation digit.
| Characteristics | Values |
|---|---|
| Name | CLABE (Clave Bancaria Estandarizada) |
| Description | Standardized bank code or bank account number in Mexico |
| Number of digits | 18 |
| Usage | Required for all financial transactions in Mexico, including wire transfers, direct deposits, and online payments |
| Availability | Can be found on bank statements, letters, or in online banking portals |
| Validation | Online CLABE checker tools are available to verify the number's validity |
| International transfers | SWIFT/BIC codes may be required in addition to the CLABE number |
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What You'll Learn
CLABE is the routing number for Mexico
CLABE, or Clave Bancaria Estandarizada, is the routing number for Mexico. The name translates to 'standardized banking cipher' or 'standardized bank code' and is used for the numbering of bank accounts in Mexico. Every bank account in Mexico has a unique CLABE, which is an 18-digit number that contains the code for the bank (3 digits), the branch number (3 digits), and the account number.
The CLABE is used for all incoming and outgoing domestic bank transfers in Mexico. It is also required for international transfers to Mexico, along with the SWIFT code. The CLABE is used to ensure that inter-bank fund transfers, payroll deposits, or automatic service charges are made to the correct accounts.
The first three digits of the CLABE are the ABM code or bank code, which identifies the bank itself. The second three digits refer to the location of the bank. The third section is an 11-digit code that the bank uses to identify each customer's unique account. The last digit is a check or validation digit used to ensure the correct CLABE number format.
You can find your CLABE number on your bank's official documents, such as statements and letters, or by logging into your online banking or calling your local branch.
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CLABE is an 18-digit number
CLABE, or Clave Bancaria Estandarizada, is an 18-digit number that serves as a standardised bank code for Mexico. It is used to identify a specific bank account when processing domestic and international payments. The first three digits of the CLABE denote the bank, while the next three refer to the location of the bank branch where the account was opened. The following 11 digits are the bank's code to identify each customer's unique account. The final digit is a control or validation digit that checks the validity of the previous 17 digits.
CLABE numbers are required for all financial transactions in Mexico, including wire transfers, direct deposits, and online payments. It is important to verify the CLABE number using an online checker tool before making a payment, as using the wrong CLABE code can result in a delayed or rejected payment. The recipient's bank will usually verify the name and CLABE number before accepting the payment.
CLABE numbers can be found on bank statements, letters, or through online banking portals. When sending money to Mexico, it is also important to note that some transfers may require both the SWIFT/BIC code and the CLABE number.
The CLABE system was implemented by the Asociación de Bancos de México (ABM) in conjunction with the Banco de México (Mexico's Central Bank) to standardise bank account numbering in Mexico. This replaced the previous 11-digit account numbering scheme for electronic transfers.
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The first 3 digits of CLABE denote the bank
In Mexico, every bank account has a unique CLABE (Clave Bancaria Estandarizada), which translates to "standardized banking code". It is an 18-digit number that follows a set format agreed upon by all banks in Mexico. The first three digits of the CLABE refer to the bank, the next three refer to the location of the bank, the following 11 digits are the bank's code to identify each customer's unique account, and the final digit is a control digit that checks the validity of the previous 17 digits.
The CLABE is used for all financial transactions in Mexico, including wire transfers, direct deposits, and online payments. It is required for sending and receiving money between accounts and is necessary for setting up direct debits or receiving a salary in a Mexican bank account. The number can be found on correspondence from the bank, such as statements and letters, or by logging into online banking or calling the local bank branch.
The CLABE is unique to Mexico and is not used outside of the country. It is similar to a routing number in that it is used to identify a specific bank account, but it serves a different purpose and has a different structure than a routing number.
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The next 3 digits refer to the bank's location
In Mexico, every bank account has a unique CLABE (Clave Bancaria Estandarizada) number. This 18-digit number is used to identify a specific account when processing domestic and international payments. It is also required for setting up direct debits and receiving salaries in Mexican bank accounts. The first three digits of the CLABE refer to the bank holding the account, while the next three digits refer to the location of the specific branch where the account was opened.
The CLABE system was introduced by the Asociación de Bancos de México (ABM) in conjunction with the Banco de México (Mexico's Central Bank). The ABM assigns each banking institution a unique three-digit number, which forms the first three digits of the CLABE. This means that the second set of three digits in the CLABE, referring to the bank branch location, follows on from the first three digits.
For example, if a bank account holder needs to provide their CLABE for receiving an international transfer, the sender will need to know the specific branch location where the account is held. By providing the correct branch location details, the sender can ensure that the transfer goes through smoothly and reaches the correct account.
It is important to note that the CLABE is different from the SWIFT/BIC code, which is typically required for international bank wires. While the CLABE is used for Mexican domestic transfers and international transfers to Mexico, the SWIFT/BIC code is used for sending payments from Mexico to other countries. Therefore, the combination of the SWIFT/BIC code and the CLABE may be necessary when transferring money to or from Mexican bank accounts.
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The final digit is a control digit
Banks in Mexico do not use routing numbers. Instead, they use a CLABE (Clave Bancaria Estandarizada) number, which is an 18-digit unique identifier. The final digit of the CLABE number is a control digit, also referred to as a check or validation digit. This digit is used to ensure that the format of the CLABE number is correct and to verify the validity of the preceding 17 digits.
The CLABE number is divided into four sections: the first three digits denote the bank, the second three digits refer to the location of the bank branch, the third section is an 11-digit bank code that identifies each customer's unique account, and the final digit is the control digit. For example, in the CLABE number "014000000000000008", the first three digits "014" denote Banco Santander, the next three digits "000" refer to the location, the following 11 digits "00000000000" are the account number, and the final digit "8" is the control digit.
The control digit serves as a check to ensure that the CLABE number is valid and correct. It helps to verify that the funds are being transferred to the right account. This is particularly important when making financial transactions, such as wire transfers, direct deposits, or online payments within Mexico or from abroad.
To calculate the control digit, each of the first 17 digits of the CLABE number is multiplied by its weight factor, and the modulus 10 is taken for each product (the modulus is the remainder of the integer division). The sum of all the calculated products is then calculated, and the modulus 10 is taken again to obtain the control digit.
It is important to note that the CLABE number is different from other banking codes such as the SWIFT/BIC code or the ABA routing number used in the US. The CLABE is specifically designed for the Mexican banking system and is required for all financial transactions within Mexico and for receiving international transfers.
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Frequently asked questions
A routing number is a unique, 9-digit identifying transit number assigned to each bank.
Banks in Mexico do not use routing numbers. Instead, they use CLABE (Clave Bancaria Estandarizada), which is an 18-digit number that identifies the bank brand and location, as well as the individual account number.
A CLABE number is used to process domestic and international payments safely and securely, ensuring that the money lands in the correct account.
