An ABA (American Bankers Affiliation) quantity on a examine is a nine-digit code that identifies the monetary establishment the place the account is held. For example, the ABA quantity for XYZ Financial institution is perhaps 123456789.
This quantity is essential for digital fund transfers, comparable to direct deposits and automated invoice funds. It ensures that funds are accurately routed to the supposed recipient’s checking account. Notably, the ABA system was established in 1910 to streamline the banking business and facilitate environment friendly monetary transactions.