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What is a routing number?
A routing number of a bank is the identity of that particular bank account’s location, or in other words, it gives an idea regarding the branch of the bank where the account exists. A bank routing number gives a clear idea regarding the to and fro movement of money. It helps in the progression of each bank-based, account-based transactions. A routing number resolves the confusion between particular accounts and banks and makes all the transactions clear. Both bank account numbers and routing numbers play a significant role in helping banks and other financial institutions in direct deposits, checks, all sorts of auto payments, and the wire transfer.
