Goodbye, CBU! Central Bank Will Now Let You Pick Your Own Code - News Summed Up

Goodbye, CBU! Central Bank Will Now Let You Pick Your Own Code


In a world in which we are constantly bombarded with information, remembering something longer than your home address can prove to be a challenge. That is why sometimes your CBU (Clave Bancaria Uniforme or, in English, Single Banking Code), which is like the local version of the IBAN, can be very annoying sometimes. The good news is that the Central Bank (BCRA) appears to have reached that same conclusion this week and announced that it will create a so-called “Alias CBU” instead by which bank users will be able to link their account numbers to a pseudonym of their choice. Goodbye 22-number account combinations, hello endless possibilities for weird names. You must have a funnier alias than your friends.


Source: The Bubble August 19, 2016 20:03 UTC



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