A routing quantity for Wells Fargo checking, often known as an ABA (American Bankers Affiliation) quantity, is a nine-digit code that identifies the monetary establishment and the placement the place the account is held. As an example, the routing quantity for Wells Fargo accounts in New York Metropolis is 026009593.
Routing numbers are important for processing digital funds, equivalent to direct deposits, wire transfers, and ACH funds. They make sure that funds are despatched to the right financial institution and account. Traditionally, routing numbers have been assigned primarily based on the Federal Reserve’s geographic areas. Nevertheless, with the arrival of digital banking, routing numbers have develop into extra standardized.