This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthor

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!!! Overview
[{$pagename}] ([ABA RTN]) is a nine digit code, used in the [United States], which appears on the bottom of negotiable instruments such as checks to identify the [Financial Organization] on which it was drawn.
[{$pagename}] was originally designed to facilitate the sorting, bundling, and shipment of paper checks back to the drawer's (check writer's) account. As new payment methods were developed ([ACH] and Wire), the system was expanded to accommodate these payment methods.
[{$pagename}] is necessary for the [Federal Reserve Member Banks] to process Fedwire funds transfers, and by the [Automated Clearing House] to process direct deposits, bill payments, and other such automated transfers.
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop