Routing transit number
Encyclopedia : R : RO : ROU : Routing transit number
- For the television network "RTN", see Retro Television Network
A routing transit number (RTN) or ABA number is a nine digit code, used in the United States, which for instance appears on the bottom of negotiable instruments such as cheques that identifies which financial institution it is drawn upon. This code is also used by the Automated Clearing House to process direct deposits and other automated transfers. This system is named after the American Bankers Association, which designed it in 1910.
ABA number management
Accuity, a SourceMedia company, is responsible for assigning new ABAs. They have published this list in the American Bankers Association Key to Routing Numbers semi-annually since 1911. There are approximately 30,000 ABA numbers currently in use.Current routing digits in use
The first two digits of this nine digit number must be in the ranges 00 through 12, 21 through 32, 61 through 72, or 80.The digits are assigned as follows:
- 00 is used by the United States Government
- 01 through 12 are the "normal" routing numbers
- 21 through 32 were assigned only to thrift institutions through 1985, but now may be used by any bank (but are primarily used by credit unions)
- 61 through 72 are used for electronic transactions
- 80 is used for traveler's cheques
| Primary | Thrift | Electronic | Federal Reserve Bank
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Internal checksums
The number must pass a checksum test using a position-weighted sum of each of the digits.- The following condition must hold: [(3d_1 + 7d_2 + d_3 + 3d_4 + 7d_5 + d_6 + 3d_7 + 7d_8 + d_9) \bmod 10 = 0].
See also
General Category Canada has similar but different transaction routing structures- Large Value Transfer System (Canada)
- Interac
External links
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