What is an ABA Routing Number?
An ABA (American Bankers Association) routing number, also known as a bank routing number that identifies the particular financial institution or banks branch in the U.S. ABA routing no is a nine digits numarical number developed by American Bankers Association in 1910.Know More
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General Information About ABA Routing Number
What is an ABA Routing Number
An ABA (American Bankers Association) routing number, also known as a bank routing number that identifies the perticular financial institution or banks branch in the U.S. ABA routing no is a nine digits numarical number developed by American Bankers Association in 1910. An ABA Routing Number will only be issued to a federal or state chartered financial institution which is eligible to maintain an account at a Federal Reserve Bank.
Decoading an ABA Routing Number
- The first four digit of the ABA/Routing Number is assigned by the Federal Reserve Routing System and represent the bank's physical location.
- Next two digit is designate which Federal Reserve bank the institution's electronic and wire transfers will route through.
- Next digit mean seventh digit indicates which Federal Reserve cheque processing center was initially assigned to the bank.
- Next digit mean eighth digit of the Routing number designates which Federal Reserve district the bank is in.
- Lastly the nineth digit provides a checksum. The checksum is a complicated mathematical expression using the first eight digits. If the end result does not equal the checksum number, the transaction gets flagged and rerouted for manual processing.
Example: Breakdown of ABA Routing Number Number
Federal Reserve Symbol
Federal Reserve Bank the Institution's Electronic and Wire Transfers Will Route Through
Cheque Processing Center Identifier
Bank District Identifier
What ABA Routing Number Used For?
An ABA Routing Number used for various financial transation and wires and electronic automatic clearing house (ACH) transactions such as electronic funds transfer, direct deposit, direct payment of consumer bills, e-checks, and tax payments, among others.
How to Find ABA Routing Numbers?
You can get your account’s ABA number from several sources. If you have a checkbook handy, the easiest solution is to locate the numbers at the bottom of one of your checks & also you can login into your online banking portal to check the ABA routing number & lastly contact to your bank helpline number or visit bank physical location & ask for the routing number.
FEDERAL RESERVE DISTRICT
List of Federal Reserve District Codes for all Banks in US
|Primary (01-12)||Thrift (+20)||Electronic (+60)||Federal Reserve Bank||1||21||61||Boston|
00 is used by the United States Government & 80 is used for traveler's checks.
Chequesum Calculation Method
The cheque digit is the ninth digit of the routing number and must meet the following condition.
3(d1 + d4 + d7) + 7(d2 + d5 + d8) + (d3 + d6 + d9) mod 10 = 0
(Mod or modulo is the remainder of a division operation.)
As an example: 011900571 is a routing number of Bank Of America, Virginia. So as per chequesum calculation method -
3(0 + 9 + 5) + 7(1 + 0 + 7) + (1 + 0 + 1) =100
100 mod 10 = 0
ABA PREFIX TABLE
This table is up to date as of 2020. One weakness of the current routing table arrangement is that various territories like American Samoa, Guam, Puerto Rico and the US Virgin Islands share the same routing code.
|1||New York, NY|
|4||St. Louis, MO|
|11||San Francisco, CA|
|14||New Orleans, LA|
|16||Los Angeles, CA|
|18||Kansas City, MO|
|22||St. Paul, MN|
|30||San Antonio, TX|
|31||Salt Lake City, UT|
|33||Des Moines, IA|
|36||St. Joseph, MO|
|37||Fort Worth, TX|
|39||Oklahoma City, OK|
|41||Sioux City, IA|
|47||Cedar Rapids, IA|
|101||American Samoa, Guam, Puerto Rico, Virgin Islands|