check routing number example

1 ANSWERS

1. amomipais82
   

   Hi There,
   Since 1911, the American Bankers Association has assigned transit numbers through a series of registrars, currently Accuity.[1] The company is responsible for assigning new ABA numbers. Accuity publishes the ABA Number Directory in the American Bankers Association Key to Routing Numbers semi-annually.
   
   There are approximately 28,000 active routing and transit numbers currently in use. Every financial institution in the United States has at least one of these.
   
   The ABA transit number generally appears in the upper right part of a check near the date and serves as a backup in check processing should the MICR routing number at the bottom of the check become illegible. It looks like a fraction, with a numerator and a denominator.
   
   The numerator consists of two parts separated by a dash. The prefix (no longer used in check processing, yet still printed on most checks) is a 1 to 2 digit code indicating the region where the bank is located. The numbers 1 to 49 are cities, assigned by size of the cities in 1910. The numbers 50 to 99 are states, assigned in a rough spatial geographic order, and are used for banks located outside one of the 49 numbered cities. The second part of the numerator (after the dash) is the bank's ABA Institution Identifier, which is also part of the 9 digit routing number. The denominator is also part of the routing number; it's identical to the first four digits of the routing number with any leading zeros removed (i.e. 0212 is written as 212, 0310 written as 310, etc. There might be a fourth element to the ABA number, a branch number to the right of the fraction.
   
   A check from Wachovia Bank in Yardley, PA has a routing number 021200025 and a fraction of 55-2/212. The prefix (55) no longer has any relevance, but from the remainder of the fraction, the first 8 digits of the routing number (0212-0002) can be determined, and the check digit can be calculated by using the check digit formula or omitted and replaced with the separator dash to makeup for the lost character.
   
   The check can be processed without the check digit so long as the dash is included in the routing number on the MICR line. Either 021200025 or 0212-0002 (both are 9 characters) may be printed in the MICR line as the routing number for the check to be processed correctly, but of course the former is preferred to ensure 100% accuracy. The latter is typically used only when the MICR routing number number is destroyed and the fraction must be used to ascertain the routing number.

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