Direct Deposit Account & Routing Numbers (2024)

FAQs

How do I know which routing number to use for direct deposit? ›

You can quickly and easily find your bank's routing number by looking for the nine-digit number in the bottom-left corner of your physical checks. If you don't have any checks, you could also check your bank's online portal or mobile app, as well as any account statements you may have access to.

Some banks or credit unions provide account details on paper cards. It's kind of like a bank business card, but with the payee's routing and account number on the card.

Any time you make an electronic funds transfer through a bank, the routing and account numbers must be provided to the relevant financial institutions.

Your account number. This comes after the routing number on the bottom of your check. You may also find it on your deposit slip or bank statement.

While no banks will ever have the same routing numbers, one bank might have multiple numbers. Banks often have separate routing numbers per type of transaction. Make sure you use the right routing number if you are transferring via wire, sending checks online, etc.

Here's what you'll need: Your Business Bank Account Information. Start by providing your account number and your bank's routing number. This is where the money for your employees' paychecks will come from.

If you're reordering checks, setting up a direct deposit or an automatic payment or preparing a wire transfer, you'll probably be asked to provide an ABA routing number.

Your MICR number is the long number located at the bottom of your checks and is used for setting up direct deposits and automatic withdrawals from your accounts. This is not the same as your account number.

Your banking information is usually found in the line of numbers printed across the bottom of your cheques. If you don't have a cheque or if you need help, contact your financial institution. Let them know you're signing up for direct deposits and they'll give you the information you need.

What happens if I put the wire transfer routing number instead of direct deposit routing number for Bank of America? ›

know that banks have two separate routing numbers. One for wire transfers and one for ACH transfers. If you used your banks wire transfer number it will still go to your bank but the banks computer systems will not know where to put the money and there is a good chance they will reject it.

You'll need your routing number in a variety of situations, including setting up direct deposit, automatic loan payments or recurring transfers like bill payments. You'll also need it when you file taxes if you want to receive your tax refund as a direct deposit or to debit a tax payment from your account.

Routing numbers are 9 digits long and can be found in several places. On the bottom left corner of a check. On the bottom center or left corner of a deposit slip. On most mobile banking apps.

Before you're paid

You'll need to give them: your bank's ABA or routing number. your account number. the name on your account.

Like a home address, an ACH routing number directs electronically transferred funds to the correct bank and branch. The number is necessary for setting up direct deposits, automatic payments, and wire transfers.

Whether you're setting up a direct deposit, making an electronic payment, or initiating a wire transfer, you'll use the same ABA routing number for your bank. It's important to note that the ABA routing number is specific to your bank or credit union and serves as a unique identifier.

The fact that many banks do use a different number for deposit tickets is behind the requirement that many ACH Originators require that a voided check, rather than a deposit ticket, be used to verify the bank routing and account number information for services like direct deposit or direct debit.

And if your bank merges with another bank, your bank's routing number might change. Every check that's printed at the same bank in the same state will have the same routing number in the MICR line. The third number in the MICR line is the check number in that checkbook for that account.