Routing Numbers For Banks. Banks use routing numbers to direct the exchange of funds to and from one another. Banking can be difficult, but it doesn't have to be if you know your routing number.
In the US, banks and other financial institutions use routing numbers to identify themselves. Routing numbers are used by Federal Reserve Banks to process Fedwire funds transfers, and ACH(Automated Clearing House) direct deposits, bill payments, and other automated transfers. You can typically find the routing number on the bottom left Most major banks today use the same routing number for both.
When a Routing Number Is Used.
Also known as a "routing transit number" or ABA (American Bankers Association) number, your routing.
Banking can be difficult, but it doesn't have to be if you know your routing number. Bank Routing Numbers are used in all money transfers between financial institutions and banks. A routing number is a nine-digit number assigned to a bank or credit union.