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
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Red Flag
A potentially suspicious or money laundering situation raises a Red Flag or warning signal.
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Electronic Funds Transfer (EFT)
Electronic funds transfer or EFT refers to the computer-based systems used to perform financial transactions electronically. An EFT is the electronic exchange or transfer of money from one account to another, either within the same...
