A routing number is a nine-digit code that enables financial institutes to verify one another. These numbers are very important when you want to make wire transfers or other banking elements. Read below for more information on what a routing number is and where to find it.
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Routing Number 101
When you want to make a wire transfer, pay your bills, or ordering checks a routing number is one of the few things you must have to complete those tasks. This will help a bank or credit union confirm where the money is coming from and to where. Back in 1910, American Bankers Association (ABA) designed this code to find the end point of where a check will be processed.
Now, the usefulness of a routing number has expanded since then. If you have an account with Bank of Oklahoma, they only have one code to keep an eye out for. Bank of Oklahoma’s routing number is: 103900036.
Where to Find It
Typically, you can find the financial institutes routing number in various places. One way to find the code is looking at the back of your check. It will normally be listed with other codes like your account and check number. However, if you don’t own a check to look at, don’t worry you can look online as well. When you go online, you’ll be able to visit your bank or credit unions website. Normally, the financial institute will have their routing number listed there.
But, if for whatever reason you are not able to find it there you can search elsewhere. Just be sure that you are using the right number before making any transfers. Another way to get the nine-digit code is by contacting your bank or credit unions support team. They will be able to assist you with any questions and concerns you might have.
Multiple Routing Numbers
There are several institutes that own more than one routing number. For example, Citi Bank, Wells Fargo, and Bank of America all own multiple codes to be aware of. The reason behind this is because larger banks tend to either merge with other institutes. Or, they are spread out throughout the nation. However, with Bank of Oklahoma there is only one routing number to remember unless you want to make an international transfer.
An international transfer is when you want to send money internationally. When you do this, you’ll require a different number known as the SWIFT Code. A SWIFT code works the same way a normal routing number would, just for foreign banks. Bank of Oklahoma’s SWIFT Code is: BAOKUS444.
Conclusion
Now, when you make any kind of money transfer, knowing your institutes routing number will sure come in handy. Providing the correct code will ensure that your money is being sent to the right place. However, if you do make the mistake of putting down the wrong number, it’s possible that your transfer may be delayed, sent to the wrong place, or cancelled. Furthermore, there are many uses that this nine-digit code has to offer.
