Routing numbers are typically designed to help financial institutes verify one another. When you decide to move money from your account to another place, this is where the nine-digit code comes in handy. Read below for more information on what a routing number is and where to find it.
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Routing Number 101
The American Banks Association (ABA) made routing numbers back in 1910. This is how banks and credit unions identify the check-processing points. Normally, they are used to move money to the proper bank during a transaction. Fidelity‘s Routing Number is: 101205681
The first 2 number of the code stands for one of the 12 Federal Reserve Bank districts where your financial institute is located. Next, the other two numbers represents the Federal Reserve Bank district where your bank goes in. The other 4 numbers will identify the bank itself. Lastly, the 9th number represents the “check digit” that verifies the accuracy of a routing number. This helps them steer clear of bad checks.
Where to Find It
There are plenty of ways for you to find a routing number for your bank or credit union. One way to find your routing number is to look at the back of your check, look online, or call your bank or credit unions customer support. If you’re looking at a check, you’ll find it at the bottom left corner near other codes. Normally, it’s the first line of digits and will always be nine-numbers long.
However, if you don’t have a check to view, don’t stress, there are plenty of other options. Be sure that the routing number you find is accurate so you can move your money smoothly. If you do not have the right code, your transaction may be delayed, declined, or moved to the wrong place. All of which you would want to avoid when it comes to handling money.
Multiple Routing Numbers
It’s not out of the picture for a financial institute to have more than one routing number. The reason why they have more than one can vary. Large banks like Wells Fargo or Citibank for example, has many routing numbers for each state they’re located in. Another reason can be that a financial institute can merge with another and change their nine-digit code.
Plus, with Fidelity, they have different codes to use towards: brokerage, mutual fund accounts, wire transfers, etc. Some wire transfers can be made internationally as well. However, these transfers will use a different number that functions similarly to a routing number. For international transfers, they’re called SWIFT codes, some financial institutes will allow international wires.
Fidelity Routing Numbers:
- Brokerage accounts: 021000021
- Mutual Funds accounts: 021001033
Fidelity’s SWIFT Codes:
- Brokerage accounts: CHASUS33
- Mutual funds accounts: BKTRUS33
Conclusion
It’s normal for people to make money transfers from one account to another. However, by doing so you must know your banks routing number to make transfers. Once you provide this nine-digit code, you’ll mostly be guaranteed that your money will make it to it’s right destination. Keep in mind that there are several codes that Fidelity has multiple codes to be aware of depending on what transfer you make.
