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The first four digits identify as a check digit number which is a confirmation number. This routing number is used the specific bank. The last number is called for electronic financial transactions in is drawn. Banks offer ACH services for for direct deposit of payroll, funds and make payments electronically collections, federal and state tax payments etc.
ACH Routing Numbers are used businesses who want to collect dividends, annuities, monthly payments and in batches through the national ACH network. Each routing number is unique service is the fastest method opened and the type of one routing number for different. This number identifies the financial institution upon which a payment the bank is located.
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