Here’s what a routing number is and why all savings accounts have them.

Here’s what a routing number is and why all savings accounts have them.

A routing number corresponds to a banking institution, not to a specific type of account. Routing numbers are used for several purposes in addition to check-writing, such as setting up direct deposit ...

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They are also called ABA numbers. The blanket routing number for Truist is 061000104, which should apply to all recent Truist accounts and also the ones transferred from SunTrust.

To create routing numbers, banks combine the five-digit transit or branch number (where you opened your bank account) and the three-digit financial institution number.