ArticleCity.com - free articles for reprint.

Free Keyword Research Tool

SITE MENU

CATEGORIES

Keyword Search


Article Title
Author's Name


Check Bank Routing Numbers Online
 by: Shelby Lara





Bank routing numbers are used to signify which financial institution a check originates from. This can be important on a number of levels and can be checked online.

What Is A Bank Routing Number?

A bank routing number, otherwise referred to as an ABA routing number or a routing transit number, is a nine digit code. The purpose of it is to signify what financial institution a particular account is connected with. They are generally located at the bottom of checks or other financial negotiating equipment. Such routing numbers are used generally in the USA and each financial institution has at least one bank routing number.

What Do The Digits Mean?

All bank routing numbers follow a standard format. The first two numbers refer to a US city or state. For instance, 59 would mean that the check comes from Hawaii. The following three digits signify which financial institution the check is from. The next three digits refer to the Federal Reserve Symbol which is an indication as to which Federal Reserve Bank the money originates from. The last number is used by the computer to check that the first eight digits were recognized correctly.

Why Are They Used?

In general, a bank number enables people to write checks as opposed to having to pay with cash. In this sense, the bank routing number, in essence, is the address of where the check originated and the return address of where the money should go. This information can then be used by those sorting and delivering the checks.

Apart from paper checks, a bank routing number can be useful in other instances. For example, if an individual wants money to be drawn directly from their account for their cell phone or cable bill. An ABA

routing number is also used in the case of Fedwire funds which are transferred by the Federal Reserve Banks as well as for the processing of automated transfers, for example, bill payments and direct deposits by the Automated Clearing House.

What can you check for online?

If you use a bank routing numbers database, it's possible to find a number of pieces of data. For example:

* Institution's Routing Number

* Servicing FRB Number

* Date a Bank Routing Number was changed

* Routing Transit Number address

* Bank Routing Number office code

* New Bank Routing Number.

Where can you verify a routing number online?

Verifying a routing number over the Internet is the simplest and quickest way. It can be done by using a routing number verification website. These websites are made up of databases from different financial institutions. You can check a routing number by searching for a bank's name and where they are based or even by using the routing number or part of it. A number of these websites offer free service. For others you may have to pay a fee.

About The Author

Bank routing numbers are essential in keeping track of paper checks. A routing numcomes from originally. Visit http://www.routingdb.com for more information.
The author invites you to visit:
http://shelbylara

 


A Diversified Approach to Current Income

Starting a Business - First Steps

Retirement Rip-Offs

Ralston Saul on How Capitalism Fails in an Economy of Surplus

 

<< Back to "Business And Finance" Index


Disclaimer: The information presented and opinions expressed herein are those of the authors
and do not necessarily represent the views of ArticleCity.com and/or its partners.



Search || Bulk Article Submission || Submit An Article || Syndicate Articles
Free Videos || Advertising|| Home || Privacy Policy
Terms of Use || Link To Us || Site Map || Contact Us

This site uses Thumbshots previews