A routing quantity on a examine is a novel nine-digit code that identifies the monetary establishment the place the account is held. As an example, “123456789” is a routing quantity that corresponds to a selected financial institution.
It’s important because it allows the digital switch of funds between banks, making certain that checks attain their meant vacation spot. The routing quantity system emerged within the 1910s to streamline the check-clearing course of, changing the necessity for bodily examine exchanges.