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Routing Number

What is

A Routing Number is a 9-digit number which identifies each bank. This can be obtained from the receiving bank, and it is mandatory to carry out a bank-to-bank electronic domestic transfer. This is how a TransferWise sends all the transactions towards USD.

It is often called Routing Transit Number (RTN). This usually has 10 to 12 digit which is specific to your account. It is printed on the bottom of the bank’s checks. The same digits are also printed on the account holder’s monthly statement.

Occasionally banks use the same ABA for Wire payment and ABA but when there is a transfer through electronic funds, make sure to identify that you intend to send all the transfer via ACH.

While making banking transactions, in the case of routing number used wrongly, the money of the payer or receiver does not lose, but ultimately it comes back to payer’s account for reimbursement or re-shipping. In this situation, it takes time, and also that causes delay. So it is always advisable to make sure to add the numbers correctly.

In a bank it is also known as ABA number, ACH Swift or transit number. It is the code that identifies a bank in the US. It is usually used when making transfers between bank accounts, direct deposit or transfers to international banks.

The route digits are different for each bank and sometimes even varies for each US state. Even among the same state, it is possible for a bank to have different route numbers. It is important that the bank routing number is correct as this can cause the money to reach a wrong account.

 

Do they Change?

Yes, usually it changes. Normally when a bank merges with another bank, its routing number also changes. Also, when any bank acquires or consolidates another bank, its numbers change. But account holders will be given sufficient time to change.

 

Routing Number on Check

There are various ways to find it on check. Where? Here we have provided a quick guide, how you can find it.

  • Finding it is simple. The easiest and safest way is by copying directly from a check associated with the account where you want to transfer or receive the money.
  • Another quick way to find an ABA from a bank is to search the bank's direct page. If you are using an internet site to find out, you need to visit respective bank’s official website where every detail has already been provided.
  • You can also find it on Google when searching: [bank name] routing number [state]. Example: Chase routing number New York.

 

Finding a route information can be easy when you have the tools but the important thing is always to make sure you have the correct information, or your money can end up in another account different from yours.