What is Bank Of America?
The multinational bank and financial provider Bank Of America is one of the well known and famous banking corporation found on October 17, 1904 (as Bank of Italy) February 1930 (as Bank of America), October 1998 (current).
This banking company is one of the largest institutions and has 3rd rank in Forbes magazine 2010. The founder of this company was Amadeo Giannini that has it’s headquartered in North Carolina. The main competitors for Bank Of America Bank are Citigroup, JPMorgan Chase and Wells Fargo.
The bank had about US$886.148 billion assets under management on December 31, 2016. That is a big amount of millions of people in different branches that are located in America. They provide various facilities of online and internet banking. Consumers are benefited by various loan programs for house and finance.
Bank Of America has its 5100 banking centres, more than 16300 ATM centres and even mobile banking too. This bank holds less saving rates as compared to other ones. Even the bank has fewer rates for checking account than other banks.
What is Routing Number?
Routing Number that is also known as Routing Transit Number (RTN) is a 9 digit number that is generally mentioned in your chequebook and easily visible. Routing Numbers are used commonly for ACH and wire transfers (ACH means transferring money without using paper or cheques, cash etc).
If the bank has multiple branches, some of them have different routing numbers for different reasons or purposes. The easy way now you can find your routing number is an online method so that you can surely transfer money by all your assurance.
Keep in mind that all unions and financial institutions have routing numbers for a various paper transaction and electronic transactions too. So don’t get confused and insert same routing number for various transaction processes.
As the routing number or account number is significant for your banking process, you must not share it with other people unless and until you trust them and the connection they make is authentic.
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