The Function of a Routing Number

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online payment
Routing numbers are needed to perform several transactions with the bank. Therefore, in the case that you will be performing any of the transactions below, make sure that you have taken note of your routing and account numbers:

Making a payment via phone or online
Making automatic bill payments
Processing of checks
Transferring money internationally
ABA vs. ACH Routing Numbers
As mentioned before, routing numbers are essential in facilitating phone number database different bank transactions. However, there are instances that banks will ask you for the ABA or the ACH routing number, depending on the transaction. While most banks have the same routing number for both types, it’s always a good idea to double-check with your bank. Therefore, we discuss the difference between the two:

ABA
ABA stands for the American Bankers Association routing number, establishing these bank codes. These codes are used to identify the banks and financial institutions in the United States. In addition, the ABA routing number is used for clearing checks and transferring money by wire transfer.

ACH
ACH stands for Automated Clearing House routing numbers are the bank codes used for electronic transactions between financial institutions. This code is unique to banks and their branches. This is used to identify the clearinghouse.