The acronym CBU stands for Uniform Bank Code and is used mainly to receive and make bank transfers. In this article we are going to tell you everything about the CBU: what it is, how to know yours, what is the Alias CBU, the difference with the CVU and several more points!
What is the CBU and what is it for?
The CBU is the Uniform Bank Code and is made up of 22 numerical digits. All accounts have an associated CBU that is unique in the entire Argentine banking system.
For example, if you have a Savings Bank and a Current Account, each of them will have its own uniform bank code.
Being clear about what the CBU is, you may be wondering what it is for. This key is used to send and receive money transfers between bank accounts. It is also possible to adhere to payments through automatic debit.
As each CBU is unique and refers to an account, it is the data that is provided to receive money without compromising the security of that account. We could say that it is the identifier of your account that can be shared publicly.
For example, if you want to offer payment by bank transfer as a possibility, the CBU is one of the data that you can give to your customers. The other will be the Alias of the CBU, as we will see later.
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Summing up, the CBU serves to:
- Send and receive money transfers in your bank account.
- Adhere to payment by automatic debit of taxes and/or services.
What is the difference between CVU and CBU?
The CVU is the Uniform Virtual Key and it is the number that refers to your account. Now that you know what CBU is, we can make the parallel to say that the CVU is the same key but for your digital accounts.
Its functionality coincides: both the CVU and the CBU are aimed at allowing you to transfer money between accounts, both bank and digital.
Structure of the CBU
To fully understand what the CBU is and how to obtain it, let’s analyze its structure. As we have already said, it is made up of 22 numerical digits and is separated into two blocks.
The first section contains:
- a 3-digit entity number,
- a 4-digit branch number,
- a 1-digit verification number.
The second part consists of:
- a 13-digit number that identifies the account within the entity and the branch,
- a 1-digit verification number.
The 22 digits of the CBU are defined automatically and we have no possibility to modify it.
You already have a good overview the CBU, what it is and how it is structured to be able to read it. We still have to delve into several key points: from how to know your CBU to what is the Alias, let’s continue!
How to know my CBU?
Obtaining your CBU is very simple and you will be able to do it through the internet or by going to an ATM.
Some people wonder “what is the CBU of a card?” Actually, the CBU is associated with an account, beyond the plastic or card. In case you change one (for example, due to theft or loss), if your account is maintained, your CBU does not change.
Beyond this, we are going to tell you how to know the CBU of your accounts. There are three ways to find and know your Unified Bank Code.
1. Through Home Banking
You can withdraw your CBU through your bank’s mobile application or its website. This process may vary in the digital platform of each bank but, broadly speaking, these are the steps that you will have to follow.
- Sign in to Home Banking or the app.
- Enter the corresponding account (for example, Savings Bank or Current Account) and look for the option “Consult CBU”. Some banks have a tab “My CBU” to make this inquiry.
- Clever! The bank will inform you of the CBU of that account.
In general, you can copy and paste the number or ask the system to print a CBU Certificate where you will be able to see all the data of interest.
2. Through the bank statement
You can also get your CBU from the card summary for every month. It is likely to be found after the consumption of the period.
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3. Through an ATM
To obtain your CBU in person, you have the possibility of going to an ATM. Select the “Consultations” option within the menu and press “CBU Consultation”.
The cashier will print a ticket with the proof of CBU of the indicated account.
What is the CBU alias?
The Alias CBU is the Uniform Bank Code that you create and associate with your CBU number. It has between 6 and 20 characters and can be composed with letters, numbers or signs such as the period (.) or hyphen (-).
The advantage of the Alias CBU is that it is easier to remember. So, when reporting your account information to receive money, you can share your CBU but providing the Alias will be more comfortable and simple.
Having a CBU Alias is mandatory for any account that makes or receives transfers. If you didn’t create your own, it was auto-generated for three short words.
We already talked about how to know your CBU, when you consult it you will also be able to know your Alias. This information will also appear on your CBU certificate.
The main difference between these two keys is that the CBU Alias can be modified. Let’s see it in detail below.
All about changes in the CBU and Alias CBU
As we anticipated, the CBU cannot be modified. This is a numerical key that the bank grants and is invariable. But, can I modify my Alias CBU? Yes, you can make changes to your CBU Alias once a day and a maximum of ten times a year.
To create or modify your Alias CBU you can enter your home banking (either from the computer or from the mobile application) and search for this functionality.
Finally, if you change banks you will be able to use the same CBU Alias that you previously had. It will only be necessary to generate it so that it is linked to your new account.
So far our guide on the CBU, what it is, its function and everything about the Uniform Bank Code!
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