A bank transit number, also known as a routing number, helps financial institutions identify where checks and other documents were issued from. They’ve been around for over 100 years, and they help to ...
Renee Sylvestre-Williams is a finance and business reporter. In her more than 10 years of journalism, her work has been published in the Globe and Mail, Flare, Canadian Living, Canadian Business, the ...
- an identification number consisting of a two-part code assigned to banks and savings associations; the first part shows the location and the second identifies the bank itself ...
The routing number serves as an identifier that distinguishes a particular bank from all others. Large banks may have a different routing number for each state in which they have a branch, and some ...
The American Bankers Association routing number is a nine-digit numerical code used to identify a bank. Banks use ABA routing numbers to process checks and electronic transfers of funds between banks.