Glossary

Routing Number

The routing number (also referred to as RTN, routing transit number, ABA or bank routing number) is a nine-digit numeric code printed on the bottom of checks. This number is used to facilitate the electronic routing of funds (ACH transfer) from one bank account to another.

Related Terms

  • Financial Institution

    Any public or private bank, credit union, or savings and loan, subject to national and state banking laws, and capable of both accepting deposits and making loans. These institutions collect funds from the public or...

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  • Bank Secrecy Act (BSA)

    Requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.

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