Bank routing number lookup. Definition, Where and How to find yours

In the United States, banks, credit unions, and payment processors, including clearinghouses, require users to use a bank routing number and an account number to execute numerous sorts of financial transactions other than paper checks. If you do not know what is the bank routing number? Don’t worry, DBNC Financial Group will clarify the routing number and its use, whether it is necessary and how to determine your bank's routing number.

Bank routing number lookup. Definition, Where and How to find yours

What does a bank routing number mean?

Financial institutions use nine-digit routing numbers to identify other financial organizations. For example, a routing transit number (RTN) and an ABA routing number (American Bankers Association) are different names. Institutions can discover your specific account using this information along with your account number.

To speed up and improve the efficiency of transactions, the banking industry introduced the numbers in 1910. The possibility of miscommunication is decreased because each bank has a unique number allocated to it. Thus, with unique bank routing numbers, two banks are still easily distinguished from one another even if they have identical names.

Understandably, you can consider it a numerical address that a bank may use to transmit and receive money from other financial organizations. The routing number identifies the financial institution in charge of the payment and guarantees that the money is delivered to the correct location. Currently, routing numbers are utilized in various financial activities including direct deposits, wire transfers and payments using banking applications.

When will you require your routing number?

Your routing number will be required in various scenarios, including setting up direct deposit, automated loan payments, and recurring transfers such as bill payments.

You'll also need it when you file your taxes to collect your tax refund, debt a tax payment, or when making Automated Clearing House, or ACH, transactions between bank accounts. You will only need your routing number when transferring cash to or from your bank account – never for debit or credit card purchases.

How to find routing number on a check

Your routing number may be found in the lower-left corner of your checks. It's the first nine digits in a lengthy string of numbers. That string of numbers, known as the magnetic ink character recognition line, contains your routing number, account number, and check number in that sequence.

If you don't have a check, your routing number can be found in other ways:

• Online banking
• Your bank account statement
• Phone customer service at your bank

Remember that route numbers might alter from time to time. For example, financial organizations might liquidate branches, rearrange their operations, or modify the purpose of a routing number, which can all impact the number associated with your account. Therefore, confirm your routing number with your bank before using it to avoid giving out the wrong number.

Every bank has at least one routing number, and bigger banks may have many. When you create an account with a bank with numerous routing numbers, they might vary based on where you started your budget and the transaction you're running.

Suppose you live in Texas, for example. In that case, your routing number for setting up direct deposit may differ from your friend's in California and your mother's when she accepts an incoming wire transfer — even if you all use the same bank.

Routing numbers for the bank of the U.S.

Verify that the routing number for your state shown below is the same as what appears on your checks or your online account when you are logged in.

The following Bank of America routing numbers are only used for electronic payments from checking accounts. Certain states or areas use different routing numbers for checks and electronic payments. In addition, wire transfers typically have their routing numbers as well.

Routing numbers for Wells Fargo

Verify that the routing number for your state shown below is the same as what appears on your checks or your online account when you are logged in.

Please note that these Wells Fargo routing numbers are for checking accounts only, not for wire trades. There are two for California; however, the one on the following list is effective throughout the state.

Make sure you keep your bank routing number to yourself. In addition, it's a good idea to contact your bank if you notice any fraudulent transactions on your account.

About DNBC Financial Group

The DNBC Financial Group is a financial organization that operates in the global financial market. It offers corporate and individual customers an intelligent digital payment system, a practical payment platform, and an easily accessible online money transfer/receipt service globally. DNBC facilitates SWIFT and SEPA payments to 170 countries and territories worldwide, offering our clients various transfer options at the lowest possible rate and with the shortest wait time.