The electronic routing number is ink on paper payment items such as direct deposits and. Name of the Bank and.
The electronic routing number is financial institution and the branch to which a payment item is directed.
What do the numbers mean? On any instrument that contains a MICR number, the number is positioned on the bottom and allows for accurate matching of the cheque to the financial institution from which it came. A routing number identifies the financial institution and the branch to which a payment item is directed.
