In this article, we cover: What is an ABA Routing Number. How to find it? When do you need it?
What is an ABA Routing Number?
ABA in ABA Routing Number stands for American Bankers Association. The ABA Routing was developed by American Bankers Association in 1910. It is used to identify a financial institution for payment processing through different modes like paper checks, electronic fund transfers, etc.
How to find it?
The 9-digit number is found at the bottom of the check. At the bottom of the check, you would see mainly three numbers: ABA Routing Number, your Account Number, and the Check Number. The first 9-digit number is your ABA Routing Number.
Apart from that, we can also get our ABA Routing Number through the Banks’ app or Online Banking. The procedure to locate ABA Routing through this method is different for every bank. Generally, you would get the details under the Account Information section.
When do you need it?
In most cases, you would need it when you set up a direct deposit instruction. For that, you need to know your Account Number and ABA Routing Number. The ABA routing number is essential to locate your bank account.
Apart from that, your bank can use different ABA Routing Numbers. So, it is important to locate the one that is specific to your Account.
It is worth mentioning here that, banks use different routing numbers for different transaction types. So, if it is just the routing number you are looking for then, quite possible that it won’t suffice. So, it is better to contact your bank.
In conclusion, ABA Routing Numbers are used to identify a financial institution. Providing an incorrect ABA Routing number can delay the transfers. Mostly written at the bottom of the paper checks. We can also use our Bank’s App or Online Banking interface to get the ABA Routing number.
