The routing quantity on a examine is a nine-digit code that identifies the monetary establishment the place the account is held. As an example, on a examine from Financial institution of America, the routing quantity may be 123456789.
This quantity is important for processing digital funds, equivalent to direct deposits and ACH transfers. It ensures that funds are directed to the proper account and helps stop fraud. The routing quantity system was developed within the 1910s by the American Bankers Affiliation to streamline the check-clearing course of.