Glossary

BA The American Banking Association (ABA) routing number

The American Banking Association (ABA) routing number is a unique code that identifies a specific bank or financial institution within the United States. It is primarily used to direct electronic Automated Clearing House (ACH) deposits and other financial transactions to the correct bank. This nine-digit number is essential for the accurate processing of wire transfers, direct deposits, and electronic payments, ensuring that funds are sent to and received by the intended bank. The ABA routing number is typically found at the bottom of a check, preceding the account number, and is often printed using magnetic ink to facilitate the processing of paper checks through automated sorting machines. This system plays a critical role in the banking industry's infrastructure, allowing for efficient and secure movement of funds across banks and financial institutions.

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