Having trouble locating your ABA routing number while sending or receiving wire transfers to or from other States and countries using a US bank account? To avoid canceled payments and delayed transfers, always use the correct routing number.
Like most things in today’s world, digital possibilities are flourishing. Here we can use routing numbers in financial institutions for transferring money across bank accounts and which one is ideal for your circumstances.
The American Bankers Association (ABA) created routing numbers in 1910 to facilitate check processing. Additionally, they go by the names ABA routing numbers and route transit numbers. Routing numbers are utilized in many banking activities nowadays, including direct deposits, wire transfers, purchases made through services like Venmo, phone payments, and more.
The Federal Reserve Bank has an ABA routing number if your bank or credit union keeps an account with them. Only financial institutions that fit these criteria and have a federal or state charter may apply to the ABA for a routing number.
The nine-digit routing number is used to identify a bank. Consider it an electronic address that enables a bank to send and receive money from other financial institutions.
The routing number guarantees that money goes to the appropriate account and identifies the financial institution in charge of the payment.
The first two numbers are usually between 00 and 12. While major banks may have many routing numbers, smaller banks are only given one. Routing numbers are required to set up direct deposits with your company (for your paycheck) or the IRS, pay bills, order new checks, and pay bills (for a tax refund).
The term “check routing number” is frequently used to refer to ABA routing numbers because they are applicable to paper checks.
A routing number is like an address for your bank, and it allows the people sending you money to figure out what branch of the bank that money goes to.
For example, let’s say you live in Grapevine, Texas, and have all your money in a Bank of Texas in your city.
Your Bank of Texas branch of the company has a specific routing number, and it’s different from all the others.
This prevents money that’s meant for you from being sent to a Bank of Texas in Wichita Falls, because the routing numbers are different for each branch of the bank.
Routing numbers for banks typically have nine digits—eight in two sections and one check digit. The routing number for the Federal Reserve District is indicated by the first four digits.
A bank or credit union is uniquely identified by the following four digits, which are five through eight. A mathematical check digit is the ninth digit.
You may easily carry out a range of banking operations if you understand what a routing number is and where to locate it.
Numerous routine financial operations involve routing numbers such as:
ABA routing numbers are used for paper checks and ACH routing numbers are used for electronic transfers and withdrawals.
The same routing number is used by the majority of large banks nowadays for both. However, regional lending institutions frequently have separate ABA and ACH routing numbers.
The terms “check routing number” and “electronic routing number” are occasionally used to describe ABA and ACH routing numbers, respectively. It’s likely that the ABA and ACH routing numbers are the same if only one number is given, but it doesn’t hurt to check with your bank to be certain.
In contrast to paper check payments or transfers, which take longer to mail, deposit, and clear, an ACH routing number helps “clear” funds for faster transfer on the same or the next business day. Additionally, ACH payments are more affordable for businesses to use to pay salaries—in some cases, they’re even free.
There are different ways to trace the routing number:
1-Routing Number on US Bank Mobile App: The fastest and easiest way to find the routing number is to use US Bank Mobile App You can also find the routing number by following these directions:
2-Routing Number via Online Banking:
3-Routing Number on Monthly Statement:
4-Routing Number on Check Book:
5-Routing Number on US Bank Routing Number Directory:
A Routing Number is always nine digits long. This is helpful because it standardizes routing numbers across the U.S. banking industry. Whereas, for Account Numbers, most U.S. bank account numbers are 8 to 17 digits long.
We’ve mention here the routing numbers for some of the biggest banks in the US.
|Alliant||Ally Bank||America First||Arvest Bank||Banco Popular|
|BancorpSouth||Bangor Savings Bank||Bank of America||Bank of Hawaii||Bank of Oklahoma|
|Bank of the West||BB&T||BECU||BMO Harris||Capital One|
|Charles Schwab Bank||Chase Bank||Chemical Bank||Citibank||Citizens Bank|
|City National Bank||Comerica Bank||Commerce Bank||CU1||DFCU|
|Discover Bank||E-Trade Bank||East West Bank||Eastern Bank||EECU|
|EFCU||ESL||Fifth Fird Bank||First Bank||First National Bank|
|GECU||Golden 1||Green Dot Bank||Grow Financial||Guaranty Bank|
|Liberty Bank||M&T Bank||MACU||MCU||Members 1st|
|MetaBank||Metro Credit Union||MutualBank||Navy Federal||NBT Bank|
|NEFCU||Nevada State Bank||OnPoint||Patelco||PayPal|
|Regions Bank||Renasant Bank||Santander||SchoolsFirst||SDCCU|
|TD Ameritrade||TD Bank||TFCU||U.S. Bank||UCCU|
|UFCU||Umpqua Bank||Union Bank||United Bank||USAA|
|UW Credit Union||VyStar||WECU||Wells Fargo||Zions Bank|
No. The number on an ATM debit card is not a routing number. Debit cards and credit cards don’t use routing numbers. The financial institution links the ATM debit card to your bank account through its banking system.
No. All bank account holders with accounts set up in the same area have the same routing number. Routing numbers are readily available through online lookup tools. However, a bank account number should be considered confidential to avoid fraud resulting in the loss of funds. Treat a bank account number with the same degree of confidentiality as a Social Security Number.
No, your IBAN code and SWIFT code are different. Your IBAN identifies the individual bank account you’re using to make your overseas transfer, whereas your SWIFT is much shorter and used to identify a specific bank to verify international payments.
If you have a US bank account, you’ll need your routing number for every transfer and if it’s international, you’ll also need your SWIFT code.