Definition of Routing number:
A series of numbers associated with a check, savings account or other bank account that the financial institution has linked to that account. This number is used to determine the destination of the money transfer. Anyone wishing to make a direct deposit with a company will usually be required to provide an account number and root address.
How to use Routing number in a sentence?
- Ken wants to pay taxes online for an immediate refund, but after forgetting his routing number, he needs to submit taxes and documents.
- By obtaining a bank routing number, thieves can access the manager's bank account and divert cash from the account as soon as the management company deposits money into it.
- Customers need to know the classification code for their bank account to save transactions in the correct account.
Meaning of Routing number & Routing number Definition