An ABA (American Bankers Affiliation) quantity on a verify is a nine-digit code that identifies the monetary establishment the place the account is held. As an illustration, the ABA quantity for XYZ Financial institution may be 123456789.
This quantity is essential for digital fund transfers, corresponding to direct deposits and automated invoice funds. It ensures that funds are accurately routed to the supposed recipient’s checking account. Notably, the ABA system was established in 1910 to streamline the banking business and facilitate environment friendly monetary transactions.