How Are Routing Numbers Assigned To Banks?
Answer:
A routing transit number or an ABA number refers to a nine-digit code found in United States. The routing numbers were introduced by the American Bankers Association (ABA) in 1910. The purpose at the rear it was the identification of the financial institution which is responsible for payments and transactions of a negotiable instrument. The routing numbers are assigned to the bank by the Official ABA Registrar of Routing Numbers i.e. Accuity.
These numbers are assigned only in accordance to the rules and regulations of the Routing Number Administrative Board Routing Number Policy. Moreover not every bank get a routing number. Only those banks which are allowed to maintain an account at the Federal Bank Reserve are allotted a routing number. You can contact the Routing Number Registrar
Accuity via post or e-mail for information roughly applying for a routing number and such other information. The e-mail id of the registrar is Registrar(a)AccuitySolutions.com
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