Is ach routing number the same as routing number

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Is ACH code the same as routing number?
Which routing is used for ACH?
Is ACH the same as account number?

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Not necessarily. Both transactions require a 9-digit number, but you will have to verify with the financial institution where you are sending the funds, if the ABA number for ACH or wires are the same, or which routing number should be used for a wire transfer and for the ACH.

An ABA Routing Number identifies a financial institution. It can be found in the bottom left section of the check. An ACH Routing Number identifies the clearing house.

Key Difference: The ABA Routing Number is a nine-digit number that is located on the check, it is also known as the Routing Transit Number (RTN). The Automated Clearing House (ACH) Routing Number is also a nine-digit number, similar to the ABA Routing Number. In many cases, the ABA and ACH number are the same.

There are various ways that money can be transferred to and from your bank account. It could be done via checks, demand drafts, wire transfer, etc. However, due to the growing amount of the number of banks, the American Banking Association (ABA) has created a numerical system in order to differentiate banks as an individual entity. In order to be a running bank, you need these certain registry numbers that are provided by the ABA. These numbers include the ABA Routing Number and the ACH Routing Number. The numbers are designed to make the transfer of money easy and effective.

The ABA Routing Number is a number that is located on the check, it is also known as the Routing Transit Number (RTN). This is a nine-digit code that is located on the bottom left hand corner of the check and will be preceded and followed and followed by the ‘⑆’ transit character. Similar to the ABA Number, a number that is assigned to identify the bank, this code identifies the unique number of the financial institution from which the check is drawn and the code of the Federal Reserve Bank that serves this particular financial institution.

The first two digits of the routing number must be in the ranges 00 through 12, 21 through 32, 61 through 72, or 80. The first two digits correspond to the 12 Federal Reserve Banks located in various different states. The third digit corresponds to the Federal Reserve check processing center originally assigned to the bank, while the fourth digit is "0" if the bank is located in the Federal Reserve city proper, and otherwise is 1–9, according to which state in the Federal Reserve district it is. Routing numbers are also more commonly being used for electronic transfers, bill payments, online banking and automated transfers.

The Automated Clearing House (ACH) Routing Number is a number that is similar to the ABA Routing Number. It is also a nine-digit number. The only difference between the two is that the ACH Number is used for digital transactions such as direct deposit, or direct payment. Even in this case, The ABA Routing Number and the ACH Routing Number could be the same. In case it is the same, the routing number on the left, bottom corner of the check can be used to provide for digital transactions. However, it if is different, one would have to call the bank and acquire the unique ACH Number in order to start online transactions. The number can also be available on the bank’s website.

• Categorized under Finance | Difference Between ABA and ACH Routing Numbers

ABA vs ACH Routing Numbers

Routing numbers
Money transfers by consumers from their banks can be achieved in many ways. Money can be deposited directly by writing checks, which is also called paper transfers, wire transfers, and electronic transfers. To make sure that the transfer has been routed properly, we need information which is provided to us by bank routing numbers.
The routing numbers are called “routine transit number” or RTN and “bank routing number.” These numbers are nine-digit numbers printed at the left side of the bottom of the check. They help in informing the financial institutions in the U.S. where the money is being transferred to or where it is being transferred from. Every bank or financial institution has a unique code which identifies a specific bank in a specific state.

ABA Routing Numbers

ABA routing numbers, or the American Bankers Association routing numbers, were designed in 1910 to facilitate the identification of banks and financial institutions. They were designed by the ABA and given the name in their honor. These numbers were used basically for clearing checks and transferring money by wire transfers. They have been in use since to identify the bank it has been drawn upon.

Assigning ABA routing numbers
Today, about 30,000 ABA numbers are in use. They are assigned by Accuity which is a source media company. The routing numbers are published semi-annually by Accuity in the “ABA Key to Routing Numbers” publication.
In the nine-digit ABA routing number, the first two digits must be between 00-12 or 21-32 or 61-72 or 80. What these range of numbers mean is as follows:

The U.S. Government uses 00.
Normal routing numbers range from 01-12.
Until 1985, 21-32 were used by thrift institutions. Now any bank may use them but mainly credit unions use them.
Electronic transactions use 61-72.
Traveler’s checks use the routing numbers with 80 as the first two digits.

ACH Routing Numbers
Automated Clearing House routing numbers are nine-digit routing numbers which are assigned for electronic transactions between financial institutions. This number is unique to banks and their branches and identifies the clearing house.
Every bank has many routing numbers, and each branch has a unique code.

Finding Routing Numbers

ABA routing numbers are printed at the bottom left of the checks.
ACH routing numbers are also nine-digit numbers, but one needs to confirm with the bank if the ABA and ACH numbers are the same.
They can be checked and determined on websites. ABA is listed as “check routing number” and ACH is listed as “electronic” or “direct deposit” on the bank’s website.
One can call customer service and find out about these routing numbers too.

Summary:

1.ABA routing numbers are used for paper or check transfers; whereas ACH routing numbers are used for electronic transfers.
2.ABA routing numbers and ACH routing numbers may be the same for some institutions or they might be separate.
The first two digits of the nine digits in ABA numbers range from 00-32; ACH routing numbers range from 61-72.

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APA 7
Kaushik, N. (2011, July 24). Difference Between ABA and ACH Routing Numbers. Difference Between Similar Terms and Objects. http://www.differencebetween.net/business/finance-business-2/difference-between-aba-and-ach-routing-numbers/.
MLA 8
Kaushik, Nimisha. "Difference Between ABA and ACH Routing Numbers." Difference Between Similar Terms and Objects, 24 July, 2011, http://www.differencebetween.net/business/finance-business-2/difference-between-aba-and-ach-routing-numbers/.

Written by : Nimisha Kaushik. and updated on 2011, July 24

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Is ACH code the same as routing number?

The acronym ACH stands for Automated Clearing House, and like ABA routing numbers, ACH routing numbers are nine-digit numbers unique to their respective financial institutions. Unlike ABA routing numbers, ACH routing numbers are used for electronic transactions between financial institutions.

Which routing is used for ACH?

ACH stands for Automated Clearing House. To find your ACH routing number, first check your checkbook. It may be the nine-digit number to the left of your account number. ACH is an electronic money transfer system that lets individuals receive or send payments via the Federal ACH network of banks in the United States.

Is ACH the same as account number?

The ACH routing number is like the city or town where you reside, while the account number is similar to the address of your house or apartment. You may have several accounts, but each will have a unique account number. ACH numbers are public knowledge, while your account numbers remain private to you.