What Is a Routing Number?

Ever looked at the bottom of your check and wondered, “What is that string of numbers?” You’re not alone. A routing number is critical to financial transactions, but not everyone knows what it does. Let’s familiarize you with all things routing numbers on checks and beyond.

What is a routing number?

A routing number is a unique nine-digit code that identifies a specific bank or financial institution in a transaction. Think of it as the bank’s address. When you send or receive money, the ABA routing number ensures it reaches the right place. The American Bankers Association (ABA) created these numbers to streamline financial transactions in the U.S. 🏦

Why do you have two routing numbers?

Ever notice that some banks give you more than one routing number? This happens because different transactions use different routing numbers. One may be for paper transactions like checks, while another may be for electronic transfers such as wire payments or direct deposits. The routing vs account number difference is also key — your account number identifies your account, while the routing number identifies the bank.

When do you need your routing number? 

You’ll need your routing number for several common transactions:

• Direct deposits (like your paycheck)

• Wire transfers

• Online payments through platforms like PayPal, Venmo and Cash App

• Setting up bill payments or receiving refunds

How to find your routing number 🔍

Don’t worry if you can’t recall your routing number. Here are common ways to find it:

1. At the bottom of a check

Your routing number on the check is the first series of digits located on the lower left side. It’s always nine digits long, followed by your account and check numbers.

2. On a bank statement

If you don’t have a check handy, check your bank statements. Banks often print your ABA number on your monthly statement.

3. By contacting your bank

If you’re unsure, just call your bank’s customer service. They can confirm the correct routing number for the transaction you need. Each bank has its own unique routing number.

4. Online

Many banks post their routing numbers on their website under their “FAQ” or “Help” sections. Visit your bank’s website and search for the routing number specific to your location or account type.

5. The American Bankers Association

Using their ABA Lookup tool, you can also use the American Bankers Association website to look up any bank’s routing number.

Why your routing number matters 🏦💰

Knowing your ABA routing number is essential for making smooth financial transactions. Whether setting up a direct deposit or sending money via an app, this nine-digit code ensures your funds go exactly where they’re supposed to. The next time you need your routing number, just remember these quick tips to find it easily.

FAQs

What is another name for a routing number?

A routing number is often referred to as an ABA number.

How many numbers are in a routing number?

A routing number always contains nine digits.

Are routing numbers always 9 digits?

Yes, all routing numbers in the U.S. are nine digits.

Is the routing number the same as the account number?

No, the routing number identifies the bank, while your account number identifies your account.

What is the difference between a SWIFT code and a routing number?

A SWIFT code is used for international transactions, while a routing number is used for domestic transactions within the U.S.

Which routing number do I use to transfer money?

Use the routing number provided specifically for wire transfers or electronic payments, which may differ from the one on your checks.