Routing numbers are used by banks to enable them to identify one another when transferring money. It will give them the information they need to verify the financial institute of these transfers. Plus, it’s a good idea to know your banks routing number when you financial your financial to do list.
With Alaska USA Federal Credit Union, they have many different branches in a few states who all use the same routing number. Read below for more information on their routing number and how it effects you.
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What is a Routing Number
A routing number is also known as a routing transfer number, or ABA number. This is an important nine-digit code that lets financial institutes know where to move the money. With Alaska USA FCU, they have branches in 4 states, which use the same number.
These states are:
- Alaska
- Arizona
- California
- Washington
Their routing number is: 325272021. In other words, this makes it easy for you to transfer money since they use the same number for each branch.
It’s not that hard looking for your banks routing number. Even without a checkbook, you’re still able to find the number with your online bank account. Just search online for your banks routing number and you’ll be able to move your money around in no time. Finally, your monthly statement will also have the institutes routing number on it as well.
What the Number Stands For
All financial institutes come with a routing number that is 9 digits long. Normally, they are at the bottom of a check. This is what every digit means:
- First 2 numbers: They are used to identify which financial institute is clearing the transactions.
- Next 2 numbers: This represents the bank’s processing center and their location as well.
- The next 4 numbers: To identify your bank itself.
- Last Number: The check digit that is verified for the routing number to be valid.
Thanks to this, it’s much easier and safer to transfer your money between different banks.
Conclusion
Now, you know what a routing number is and why banks need this number. In other words, transferring your money is possible with this nine-digit code. Plus, it validates every financial institution when they process moving your money.
