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admin | Category: Virtual Phone Numbers | 04.05.2013
Answer: The row of numbers located on the bottom of a check serve a few distinct purposes for both the individual account holder and the bank. Routing Number (ABA) – Usually a 9 digit number that identifies the bank where your funds are held. When checks are printed by the bank, they will often use a sophisticated magnetic ink that gives their electronic banking equipment the ability to read your check during processing and to prevent certain kinds of fraud.

Will also have a matching check number on the top right corner of most standard banking checks. It is a good idea to be familiar with these numbers because they are often needed for a variety of purposes including: direct deposits, automatic payments, wire transfers, and other circumstances that require access to the funds in your bank account.

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