A bank routing number is a nine-digit code assigned to each financial institution by the American Bankers Association (ABA). It identifies the specific bank and branch where an account is held. The “Bank of America routing number Florida” refers to the routing number used by Bank of America branches in the state of Florida. For example, the routing number for Bank of America’s main branch in Miami is 063100012.
The routing number is essential for processing electronic payments, such as direct deposits, wire transfers, and online bill pay. It ensures that funds are sent to the correct bank and account. Prior to the implementation of routing numbers in the 1960s, processing paper checks was a much slower and error-prone process.
