meaning of ABA routing number

ABA routing number meaning in Business Dictionary

a distinctive signal present on a check assigned because of the United states Bankers Association (ABA) that identifies a certain bank or finance organization issuing the check. This signal is mainly used by US-based finance institutions, just who possess records at Federal Reserve Bank, to process always check deals including deposits and clearances. Including, Bank of America in Northern Ca is assigned the number 121000358 in case there is any paper check transactions. Also known as check routing quantity, ABA quantity.