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When a customer from one bank wrote a check to a customer at another bank, the routing number let everyone know which bank would pay the amount written on the check.
For example, 0260-0959-3 is the routing number for Bank of America incoming wires in New York, with the initial "02" indicating the Federal Reserve Bank of New York. 21 through 32 were assigned only to thrift institutions (e.g. credit unions and savings banks) through 1985, but are no longer assigned (thrifts are assigned normal 01–12 numbers).
A bank routing number, account number and check number play different roles in banking transactions, but they all direct money to where it’s supposed to go. ... Bank of America Routing Number ...
Begin writing as close to the left side of the box as possible with the dollar sign snug against the first number. You don’t want someone to alter the check to $2,220.65.
For example, a check drawn on Bank of America, presented for deposit at another branch of Bank of America, would be considered an on-us check. The same item presented for deposit at Wells Fargo Bank would be considered a transit check. Routing numbers, as well as the bank name printed on the check, help to determine an item's classification.
ABA routing transit number, a bank code used in the United States Topics referred to by the same term This disambiguation page lists articles associated with the title Routing number .
Though a routing number is specific to your bank or credit union, an account number is specific to each account. Account numbers vary in length but typically only go up to 12 digits.
Following after the bank code, a 4-digit number branch code identifier. For a list of Swiss bank codes, see Bank clearing number. Ukraine has 6 digit bank codes. Account number does not include bank code. List of bank codes is available at the site of the National Bank of Ukraine. [2] The UK has a 6-digit sort code.