Routing Number on Cheque: These days, banking is a vital term in every individual’s life which is used for various money transactions. If you have an account in a bank, you can secure your savings without any hurdles. Besides the savings, the banks also render various facilities and offer to all the people. In the United States, there are several popular and leading banks. All those banks offer numerous advantages to the public having accounts in them. There are two popular central banks in the United States that can be considered the best bank for its excellent services and offers to its account holders.
The two banks are US Bank and JP Morgan Chase Bank. The US Bank is the largest bank in the United States that offers the best financial services. It has its headquarters in Minneapolis, Minnesota. This particular bank offers American diversification of the financial services. This is the smallest section of the US Bancorp and it is the parent organization. It took the place of the 7th largest bank in the United States. In terms of the deposits, this is the 5th largest bank. It has more than 3151 banking offices and 5000 ATMs across the country.
What is a Routing Number?
To send and receive money from various institutions, banks and credit unions, you require a routing number. This article explains the actual need for a routing number. In fact, a routing number is a 9-digit number that has assigned to a credit union for sending and receiving funds from different financial institutions. The routing number will help you find where you have actually opened your account for the first time. In some locations, the routing number is also referred to as an ABA. It is an American Bankers Associations number and sometimes called as the routing transit number.
Also Read: Bank Of America Routing Numbers
Instead of reading the complete cheque to know the name of the bank, the routing numbers are used in the place of it. In some cases, there might be similar names and it could confuse us. In order to evade it, the unique routing numbers will assist the banking staff and the machines to process the cheques without any hassle. This way, you can easily make your money transactions to the correct destination. This helps the banks such as the Bank of America and the American Bank to send the transactions to the right places. One bank uses different routing numbers based on various things. Some of them include the location of the bank account and the account holder. No two banks will use the similar routing number.
The routing numbers are utilized for several purposes in their day to day tasks. Some of them include:
- Direct deposit
- Automatic bill payments
- Cheque Processing
- Wire transfers
Bank Offers & Services
Here are some of the excellent services and functions of the United States Bank:
- All these banks offer the best customer support to the account holders. If you have any doubts and need any service regarding your account can get the support from the customer service.
- It provides various regional customer and business banking related services to customers alongside the wealth management services.
- The customers can get the suggestions regarding the wholesale and trust services alongside the global payments services to more than 15.8 million customers.
- An individual can open an account from anywhere across the world via online through their account using the account opening feature. There is no need to visit the bank exclusively for opening a new bank account.
- The users can access their account and make various money transactions with much ease.
Where to find a routing number on a Cheque?
The routing number appears on a cheque which is a part of the magnetic ink character recognition or MICR. You can find the routing number at the bottom of your cheque. There is an account number alongside the routing number on the cheque. If you are seeking to find the routing number for your bank then, refer your cheque.
As an alternative method to find the routing number, you can get to know it on the official website of the respective bank. Most of the banks will provide the routing numbers to the customers on their websites. This could help the account holders to wire their money using those routing numbers. You need to ensure that you are using the precise routing number before making the money transactions.
ABA Routing Transit Number Format
With the aforementioned information, you might have understood the meaning and the purpose of a routing number present on your cheque. Apart from the significance, you also need to know the format of the routing transit number and the form of it. In general, you can find the ABA routing transit numbers in two different forms. One form is a standard cheque referred to as the fraction form while the other one is MICR form.
Both the forms render similar details. The MICR forms are considered as the primary form as you can find it printed in a magnetic link. This helps the machine to read and recognize it with much ease. You can look the routing number at the bottom of the cheque and it comprises of 9 digits. If you are seeking to find the area of your bank, you can make a call to the banking customer service and ask it regarding the ABA routing transit number.
That’s all! This is all you need to know about the routing number for any bank in the United States. You may have understood the benefits and the services offered by the routing number. For more doubts and queries, just ask us through the comments section.