What Is An ABA Routing Number?

An ABA Routing Number is a nine digit number (eight digits plus a check digit) which identifies a specific financial institution.
They are sometimes referred to as bank “Transit Numbers” in other countries, such as Canada. However, there is also a portion of an ABA Routing Number that is referred to as the “Transit Number”.
Routing numbers are administered by the Routing Number Administrative Board under the sponsorship of the American Bankers Association.
They are created using a special algorithm, and Banks can have one, or hundreds assigned to them.
If you are taking checks over the Internet, by Phone, Fax, email, or other means, errors can happen by simple typo’s, or blatant attempts of fraud, and should be checked for accuracy.
You can find a free algorithm checker that allows you to instantly analyze any routing number for accuracy
Don’t get caught with bogus or erroneous ABA Routing Numbers, that can cost you a heap of problems, and money, such as Bank return charges, delay of payment, recovery, and other associated costs.
By having your own ABA Routing Numbers List you can avoid expensive problems.
To learn more, and to obtain your own ABA Routing Numbers List or Free Algorithm Checker is a simple matter – Click Here.

What Is An ABA Transit Number?

An ABA Transit Number is a number on a check, part of a code developed and used by the American Bankers Association.
The transit number is used to aid the banks when clearing the checks, by signifying the financial institution as well as the Federal Reserve Bank used by that institution.
This number is found near the upper right corner, and appears in the form of a fraction with a numerator and denominator.
The numerator indicates the region where the bank is located, as well as the branch number.
The denominator consists of the first four numbers of the routing number found at the bottom left of the check.
By having your own ABA Routing Numbers List you can avoid expensive problems with processing check information that contain Routing Number Errors.
To learn more, and to obtain your own ABA Routing Numbers List or Free Algorithm Checker is a simple matter – Click Here.

What Is An ACH Routing Number?

An ACH Routing Number identifies the primary branch that acts as a clearing house for checks, not necessarily the Branch the check was drawn on.
Banks can have one or many routing numbers assigned to them, and sub branches operate under one or more of those numbers.
The movement of a check from the depository institution at which it was deposited back to the institution on which it was written, as well as the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts.
The Federal Reserve operates a nationwide check-clearing system.
To learn more, and to obtain your own ABA Routing Numbers List is a simple matter – Click Here.

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