Forum Navigation

What exactly is a routing number?

Quote

Banks and other financial institutions in the United States use routing numbers to identify themselves. They have 9 digits and are also known as routing transit numbers, ABA routing numbers, or RTNs.

 

Routing numbers are required by the Federal Reserve Banks in order to perform Fedwire funds transfers. They are also required by the ACH network to handle electronic funds transfers such as direct deposits and bill payments. Thus truist routing number