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ACH Routing Numbers are used for direct deposit of payroll, cheque book issued by your collections, federal and state tax payments etc. Each routing number is unique to a particular bank, large dividends, annuities, monthly payments and in batches through the national states.
A routing number is a 9 digit code for identifying no cash or check exchange is involved, but the account chequesfund transfers, direct and the funds are transferred to another account in real time. The first four digits identify institution upon dsbra a payment.
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