A routing quantity, also referred to as an ABA quantity, is a nine-digit code that identifies the monetary establishment the place an account is held. As an illustration, U.S. Financial institution’s routing quantity for accounts in California is 122000248.
Routing numbers are important for processing digital fund transfers (EFTs), comparable to direct deposits, wire transfers, and automatic clearing home (ACH) transactions. They be certain that funds are directed to the right monetary establishment and account.