A examine routing quantity is a nine-digit code that identifies the monetary establishment the place an account is held. It’s printed on the underside left nook of checks and is used to make sure that funds are deposited into the right account.
The routing quantity is a crucial piece of data for anybody who writes checks or makes digital funds. Additionally it is utilized by banks to course of checks and different monetary transactions. Prior to now, routing numbers have been assigned to banks primarily based on their bodily location. Nonetheless, this technique has since been modified, and routing numbers at the moment are assigned primarily based on a wide range of elements.