A routing number, which is a critical piece of information for processing financial transactions, can be found on a check. It’s typically printed as a nine-digit code in the lower-left corner of the check, to the left of the account number. For instance, on a Chase Bank check, the routing number might appear as “123456789”.
The routing number holds great significance in the financial realm. It’s an essential element for direct deposits, electronic payments, and other automated transactions. Historically, routing numbers were used by the Federal Reserve System to facilitate check clearing. Today, they’re still vital for routing funds between banks and ensuring the smooth flow of financial transactions.
