A routing quantity on a verify is a singular nine-digit code that identifies the monetary establishment the place the account is held. As an illustration, “123456789” is a routing quantity that corresponds to a particular financial institution.
It’s important because it permits the digital switch of funds between banks, making certain that checks attain their supposed vacation spot. The routing quantity system emerged within the 1910s to streamline the check-clearing course of, changing the necessity for bodily verify exchanges.