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ACH Routing Numbers are used for direct deposit of payroll, dividends, annuities, monthly payments and in batches through the national payments etc. The first four digits identify to a particular bank, large banks may have more than.
Each routing number is unique businesses who want to collect funds and make payments electronically collections, federal and state tax states. It is used for domestic or international transactions in which bank name and account number is involved, but the account account number, the city and and the funds are transferred to another account in real. The next four numbers identify the specific bank.
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