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In the United States, an ABA routing transit number (ABA RTN) is a nine-digit code printed on the bottom of checks to identify the financial institution on which it was drawn. The American Bankers Association (ABA) developed the system in 1910 [ 1 ] to facilitate the sorting, bundling, and delivering of paper checks to the drawer's (check ...
How To Read a Check. Here are the different parts of a check and where you can find them: Personal information. Payee line. Dollar box. Check amount. Memo line
Routing number: The first nine-digit number in the sequence, starting from the left, is the routing number for the appropriate financial institution and transaction. Account number: The next ...
The bottom line of every bank check is preprinted with a sequence of numbers and symbols below the memo space and signature line. Rather, they contain important information that the banking system ...
E-13B is a 14-character set, comprising the 10 decimal digits, and the following symbols: ⑆ (transit: used to delimit a bank code); ⑈ (on-us: used to delimit a customer account number); ⑇ (amount: used to delimit a transaction amount); ⑉ (dash: used to delimit parts of numbers—e.g., routing numbers or account numbers).
For example, a check drawn on Bank of America, presented for deposit at another branch of Bank of America, would be considered an on-us check. The same item presented for deposit at Wells Fargo Bank would be considered a transit check. Routing numbers, as well as the bank name printed on the check, help to determine an item's classification.
You may need to know your bank's routing number to pay a bill online or over the phone, send money through a wire transfer or set up a direct deposit. To receive your tax refund via direct deposit,...
Canada uses codes called routing numbers. [3] They consist of 5 digits identifying the branch and the 3 digits identifying the financial institution. United States - The American Bankers Association since 1910 has used a 9-digit routing transit number to identify American banks, which are used in the automated processing of checks. The bank ...