The routing quantity on a test is a nine-digit code that identifies the monetary establishment the place the account is held. As an illustration, on a test from Financial institution of America, the routing quantity is perhaps 123456789.
This quantity is crucial for processing digital funds, resembling direct deposits and ACH transfers. It ensures that funds are directed to the right account and helps stop fraud. The routing quantity system was developed within the 1910s by the American Bankers Affiliation to streamline the check-clearing course of.