![]() It should be the first nine-digit number in a list of numbers. Your routing number is located on the bottom left of your paper checks. Here are several options for how to find your routing number: You can also look in your banking app or visit your bank’s website to confirm your routing number. The routing number should be nine digits long. That said, if the first number in the list is not nine digits, that’s not the routing number. It will usually be the first number in a list of numbers. To read the routing number on a check, simply find the nine-digit number at the bottom. How to read the routing number on a check Machine-readable symbols usually separate each of these numbers, making them easy to distinguish from each other. This is followed by your account number at the bank and then the number of the check. Generally speaking, the routing number is the first number listed at the bottom of your checks. If the result of plugging the first eight digits into the equation isn't a final sum equaling the ninth digit, then the transaction is processed manually for security purposes. The next four digits identify the specific bank.įinally, the ninth digit is generated by a checksum equation involving the first eight digits and is used as added security for transactions. The fourth digit represents the Federal Reserve district where the bank is located. The first two digits of a routing number represent which Federal Reserve bank is responsible for routing a check or other transaction, while the third digit represents which processing center in the Federal Reserve processes the transaction. That’s a billion possible numbers, making sure each routing number is unique and maps to only one US financial institution. Example of a routing numberĪ routing number is 9 digits. Nonetheless, when a new bank is formed, it will still get a routing number associated with the closest Federal Reserve Bank. So routing numbers are less tied to physical locations than they once were. A bank might also acquire or merge with another bank, transferring those routing numbers to the new institution. Setting up an electronic funds transferīecause routing numbers were established more than a century ago, the first four digits of a routing number used to represent the physical location of a bank.Setting up your business website to accept payments.Connecting your account to your accounting software.Establishing auto-draft payments for a monthly bill.Setting up direct deposit for your paycheck.Connecting your bank account to a payment app.Here are a few examples of what routing numbers are used for: Today, routing numbers have become an important tool in all types of banking activities. Routing numbers were originally designed to ensure that paper checks were sent (or “routed”) to the right financial institutions. SWIFT stands for Society for Worldwide Interbank Financial Telecommunications. A SWIFT code is used for international payments. Bank routing numbers are used in the US for domestic payments. Is a SWIFT code the same as a routing number? Don’t confuse a transit number with a wire transfer number, which may also be called a wire transfer routing number.They accomplish the same thing, but they work a bit differently than banking numbers in the US. Canada banks use numbers called “transit numbers” that are only 5 digits.That said, there are two things to be aware of: In fact, transit numbers or routing numbers are sometimes called “routing transit numbers.” They’re all the same thing. In the US, generally speaking, a transit number is the same as a routing number. Is a transit number the same as a routing number? The term “ABA” stands for American Bankers Association, the organization that first established routing numbers more than 100 years ago.ĪBA routing numbers are granted to financial institutions that are recognized by the ABA, the Federal Reserve, and other federal or state charters. Yes, an ABA number is the same as a routing number. Is an ABA number the same as a routing number? What is a routing number?Ī routing number is a nine-digit sequence of numbers that identifies a specific financial institution in the United States.Ī large bank might have many different routing numbers that map to different states, regions, or branches, but each routing number only maps to one banking institution. This article covers what routing numbers are, why they matter, how to find and read them, and how they work with account numbers to get your money to the right place. Whether you’re making a payment or getting paid, routing numbers help direct your funds from one account to another. ![]()
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