The American Bankers Association routing number is a nine-digit numerical code used to identify a bank. Banks use ABA routing numbers to process checks and electronic transfers of funds between banks.
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
Origins: One of the ways paperhangers were supposedly able to pass bad checks easily once upon a time was by manipulating the American Bankers Association (ABA) numbers encoded on nearly all checks ...
The bottom line of every bank check is preprinted with a sequence of numbers and symbols below the memo space and signature line. These numbers and symbols aren't random. Rather, they contain ...
The routing number serves as an identifier that distinguishes a particular bank from all others. Large banks may have a different routing number for each state in which they have a branch, and some ...
Your account number is located at the bottom of a check — it’s the second set of numbers, between the nine-digit routing ...
In order to send and receive money from other financial institutions, banks and credit unions need a routing number. It's a 9-digit number assigned to a bank or credit union so it can send and receive ...