The routing quantity for Citibank is a nine-digit code that facilitates the routing of digital funds by way of the Federal Reserve’s automated clearing home (ACH) community. As an illustration, in case you’re establishing direct deposit on your wage, your employer will want your Citibank account quantity in addition to the financial institution’s routing quantity.
Its important as a result of it ensures funds are transferred shortly and securely from one checking account to a different. The routing quantity system was launched within the Nineteen Seventies to standardize the digital trade of monetary transactions, revolutionizing banking operations.