A routing quantity, like Wells Fargo California’s 121000248, is a nine-digit code that identifies a particular monetary establishment and facilitates digital fund transfers (EFTs).
Routing numbers guarantee correct and environment friendly transfers between banks, enabling transactions comparable to direct deposits, wire transfers, and invoice funds. Traditionally, the American Bankers Affiliation launched the idea of routing numbers in 1911, revolutionizing the banking trade’s capacity to course of transactions swiftly and securely.