Routing Number / Sort Code
Bank codes used for domestic money transfers in certain countries.
Detailed Description
Routing Number / Sort Code
What is the primary purpose of routing numbers and sort codes?
The primary purpose is to ensure accurate and efficient processing of financial transactions by directing funds to the correct financial institution.
How many digits does a routing number have?
A routing number consists of nine digits.
What is the format of a sort code?
A sort code typically consists of six digits, formatted as three pairs separated by hyphens (e.g., 12-34-56).
In which countries are routing numbers and sort codes used?
Routing numbers are used in the United States, while sort codes are primarily used in the United Kingdom.
What regulatory body oversees routing numbers in the U.S.?
The American Bankers Association (ABA) oversees the assignment and regulation of routing numbers in the U.S.