Glossary

Previously Used Routing Number

A routing number that was once the primary routing number for an institution and since replaced, but still accepted for payments.

Related Terms

  • Correspondent Banking

    A relationship entered into between a small bank and a big bank in which the big bank provides a number of deposit, lending, and other services.

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  • Know Your Business (KYB)

    Know Your Business is the due diligence review of your business and industry which when reviewed against Money Laundering techniques allows you to develop policies and assess suspicious activities or transactions.

    Learn more

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