A “Financial institution of America routing quantity California” is a nine-digit code that identifies the particular financial institution and department the place an account is held and facilitates the switch of funds between monetary establishments. For instance, the routing quantity for Financial institution of America’s department in Los Angeles, California, is 121000024.
Routing numbers are important for a wide range of monetary transactions, together with direct deposits, wire transfers, and invoice funds. They make sure that funds are despatched to the right recipient and assist stop fraud. Traditionally, the Federal Reserve assigned routing numbers to banks within the 1910s to streamline the test clearing course of.
