Routing numbers, states and transfers (funds, payments, wire, deposit)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
My friend started an account in another state and moved to this state many years ago.
I was told if you transfer money to her account you should use a routing number for the original state (yes each account has a routing number based on what state you opened it in).
On Online banking, it says the routing number for "Direct Deposits and Electronic Payments" is the number for the original state. But the routing number for "Domestic Wire Transfers" is for the current state.
If you want to make an ACH transfer to her, which one would you use??
Also why are there two routing numbers for the account?
My friend started an account in another state and moved to this state many years ago.
I was told if you transfer money to her account you should use a routing number for the original state (yes each account has a routing number based on what state you opened it in).
On Online banking, it says the routing number for "Direct Deposits and Electronic Payments" is the number for the original state. But the routing number for "Domestic Wire Transfers" is for the current state.
If you want to make an ACH transfer to her, which one would you use??
Also why are there two routing numbers for the account?
Not every bank has different routing numbers for each state, in fact I’d wager most likely none of them do. Some banks do have regional numbers but not every state. Whoever you are sending money to should check with their bank to verify which routing/account number should be used.
If you wanted to send funds via ach why not use zelle? If it’s in network it will be instant and if not it will turn into an ACH transaction and neither of you would need to know the routing information.
A bank/financial institution can have more than one routing number if they “inherited” one from a merger etc.
There can also be a difference for an ABA routing number for wire transfers etc., and an ACH routing number for use in the ACH network.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
